Weird, my 401K climbed during the last four years. - Maybe you should have reevaluated Posted: Dec 3rd, 2020 - 4:45 am In Reply to: What 401K? - had to cash mine in, sorry
what stocks you had. Or did you REALLY have a 401K?
I follow a simple investment approach. I split my portfolio between equities (a small number of market index funds, specifically 2 such funds) and a similar number of bond funds. I set an asset mix that I want (say, 80% equities / 20% bonds) and allocate accordingly. Then quarterly I check the ratio and make sure my assets still fit it.
So If stocks are soaring than that growth will drive my stock index funds to make up more than 80% of the portfolio, so I sell the overrun and use the proceeds to buy more of the bond funds. If stocks are down, bonds will be more than 20% of the fund so I sell some and use the proceeds to buy stocks.
Maybe you should keep your politics out of money. Being broke is never an asset.
On the other hand, to protect my familyi from Joe and the Dems long term, I think I'll need to get the assets out of the 401(k).
As an investor, I am more worried about the virus shutdowns.
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