The market is expecting Biden to be sworn in next week. Investors have bet big buying companies they believe will benefit with a Biden Admin. If "out of nowhere" Biden did not get in the market would consider it a "Black Swan event". The market will drop big as those investors unwind their positions. if you are thinking about getting into the market consider waiting until this is played out. I already shorted the market yesterday. i intend to hold my position until after next Wednesday. If the market does what I believe consider it a gift. Then think about getting in I can tell you that when President Trump gets in who knows how high it will go. I think I would stay away from Big Tech no matter what.
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Very new to stocks. What about our stocks in IRAs? I have one from my mom and hubby and I have one for us. Have no knowledge of stocks they are handled by our investment rep. Should we leave them alone or request certain stocks? Been Lost since my dad died.
I'd leave it alone. Cashing out retirement or IRA's early results in tax penalties. The market always rebounds. Don't panic sell and you'll be fine.
Best bet, just leave them alone. If you move things around because you get emotional you will almost certainly regret it.
Get an account on Vanguard and invest in their mutual funds. It's pretty simple for people who don't know what they're doing (like me).
Thank you so much.