Curious what the general consensus is on what we should do with our savings. My friend just liquidated 1/3rd of his portfolio. Wondering what I should consider for my 401k. What are you all doing?
Curious what the general consensus is on what we should do with our savings. My friend just liquidated 1/3rd of his portfolio. Wondering what I should consider for my 401k. What are you all doing?
Hopefully your 401k is diversified with international stocks and other assets, which have been increasing as US stocks have decreased. Definitely dont panic sell now. In the short term, the US stock market may keep dropping or it may hold steady or increase from here. In the long term, unless capitalism truely fails or is dismantled in the US, a diversified stock portfolio will go up.
The only guaranteed thing is that as soon as you sell, that will be the bottom.
Thanks for that. I went in a rebalanced it.