Finance

2405 readers

1 users here now

Economic and financial news from around the world, including cryptocurrency and blockchain.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 3 years ago

MODERATORS

alyaza@beehaw.org

gyrfalcon@beehaw.org

coldredlight@beehaw.org

remington@beehaw.org

as a financial illiterate stuck with a 401k, what do i do? (moist.catsweat.com)

submitted 3 months ago by originalucifer@moist.catsweat.com to c/finance@beehaw.org

28 comments fedilink hide all child comments

as many americans forced to run with a 401k because we dont know any better and its the 'path of least resistance' to a retirement account... what do we do in the face of a dying democracy and economy?

id love to move it to some 'foreign' investments, but is that even a possible option? do i just hope and wait for stability to return at some point in the future or is it hookers and blow time?

you are viewing a single comment's thread
view the rest of the comments

[–] bluGill@fedia.io 6 points 3 months ago

When the stock market is having fire sale is not the time to ask questions, it is time to buy. Trump is near 80 - he won't be alive in a few years. He stastically has a 25% chance of not even finishing his term. Power will shift and shift again ever few years. those who stick to a good plan do fine.

Even in the worst case you are unlikely to find the better answer ahead of time. Just enjoy the sale and forget about daily movement.