Market Updates: It ain't pretty rn

erkinator

Mid Life Crisis Student
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Our industry is tanking. They cancelled the Dental show and the Final four stuff. LAyoffs coming tomorrow.
 

Leshaire

Ninja
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Mar 27, 2015
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My company, and I am sure many others, sending out an email reminding us about market volatility and 401k. Lol
I dont know what to do about 401K. At least with my IRA I have the freedom to do whatever tf I want. Can you have a cash balance and no investments in a 401K though??
 

Leshaire

Ninja
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I've got a buddy that decided now would be a good time to try his hand at investing.

Then he made 5 day trades in one day, lost $100, and got his TD account suspended for 90 days.
Now is a time for those that really know what they're doing lol. Not a newb.

Why did they suspend his account??
 

triplestack3

3nd Degree Black Belt
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Oct 14, 2019
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I dont know what to do about 401K. At least with my IRA I have the freedom to do whatever tf I want. Can you have a cash balance and no investments in a 401K though??
Why not shift your investment into a metals index fund?
 

Laufen

Ammosexual
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I dont know what to do about 401K. At least with my IRA I have the freedom to do whatever tf I want. Can you have a cash balance and no investments in a 401K though??
Why would you take your money out when you're buying more shares for the $ than you have in the past 10 years? Are you thinking, "damn, shits getting too cheap, better start buying some more expensive shares"?
 

Mac11FA

Gunoholic
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I dont know what to do about 401K. At least with my IRA I have the freedom to do whatever tf I want. Can you have a cash balance and no investments in a 401K though??
No, it is still based on the values if the funds or bonds you are invested in. It would be a very dumb move to do anything other than up your contribution right now.


If you tried to do that you lose money. Actually you want to increase your 401k right now ans take advantage of the lower stock prices. So, the value of your portfolio dropped. That means you sti own the same number if shares,just the dollar value has dropped. When the market swings back, you will have your value back. Buy low and sell high! Sock as much money into your account and invest in the dynamic funds and when the Corona virus is done you'll be glad you did!!!!
 
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lesptr

Weekend Warrior
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Mar 7, 2018
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I screwed up after the last crash. Afterwards I went with lower risk options expecting another crash that didn’t happen. When the market went back up, I lost out on a lot of money.
I have 12 years to go. So here’s to buying low for a while.