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The Watercooler
Question about my 401k
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<blockquote data-quote="Shari" data-source="post: 202075" data-attributes="member: 1848"><p>That's a decision you'll have to make (or seek an actual financial advisor). Its a personal choice based on your beleif of what's going to happen to the markets.</p><p> </p><p>While a big part of me wants to run for the hills, that "fear" is what is driving a large part of the mess we're in right now and its snowballing. I don't want to contribute to the problem, so I'm standing firm and continuing to invest my money in the markets as I did before. I also beleive in the American people and their brainpower. Someone, somewhere will find a niche, even in troubled times, and I beleive that eventually there will be a turnaround - thus, stocks/shares purchased now, while the market seriously hoovers, will gain tremendously in the long-term. Its how the free market works. Its how my grandparents made almost a million dollars by just investing a few spare dollars in and shortly after the depression.</p><p> </p><p>Putting your $2000 away and re-investing later is safer. But it also a) feeds (in a small way) the market problems, b) even if invested later when the market is more stable, will not set you up for those large returns, and c) if we hit a true depression, money won't be much good if the goods aren't there to purchase or money no longer has value. But your idea is safer for you, barring the (c) condition happening (which I don't think it will).</p><p> </p><p>I don't feel comfortable telling you what you should/shouldn't do, but I'm glad to tell you what I'm doing and why.</p></blockquote><p></p>
[QUOTE="Shari, post: 202075, member: 1848"] That's a decision you'll have to make (or seek an actual financial advisor). Its a personal choice based on your beleif of what's going to happen to the markets. While a big part of me wants to run for the hills, that "fear" is what is driving a large part of the mess we're in right now and its snowballing. I don't want to contribute to the problem, so I'm standing firm and continuing to invest my money in the markets as I did before. I also beleive in the American people and their brainpower. Someone, somewhere will find a niche, even in troubled times, and I beleive that eventually there will be a turnaround - thus, stocks/shares purchased now, while the market seriously hoovers, will gain tremendously in the long-term. Its how the free market works. Its how my grandparents made almost a million dollars by just investing a few spare dollars in and shortly after the depression. Putting your $2000 away and re-investing later is safer. But it also a) feeds (in a small way) the market problems, b) even if invested later when the market is more stable, will not set you up for those large returns, and c) if we hit a true depression, money won't be much good if the goods aren't there to purchase or money no longer has value. But your idea is safer for you, barring the (c) condition happening (which I don't think it will). I don't feel comfortable telling you what you should/shouldn't do, but I'm glad to tell you what I'm doing and why. [/QUOTE]
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Question about my 401k
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