You see Fidelity Management is at the top of that list.
I have a 401k with Fidelity with around 100K in it, do you suggest I transfer that shit out as quick as I can?
I don't know a lot about this finance stuff, I'm not sure if Fidelity was one of the companies that were shorting Game Stop and I don't know if its a risk to stay with Fidelity. Anyone got any answers?
If the market takes a crap on this, like we're all thinking will happen, and the market crashes, your 401k will be just as worthless as th fiat currency it's backed by. So, what's the difference between cashing out now, hoarding your moolah, maybe buying essentials with it that you'll need, or using that cash to buy precious metals?
The shareholders there are "real," not shorting funds. Those who play the short game are borrowing stocks from those that actually own them, most of the time without explicit permission from the owners. Anyway, Fidelity owns real stock, which would take them to the moon too, unless they've also sunk loans into Citadel and friends.
Well I had a small amount in a Fidelity account, but it was my mom’s retirement that was split between my siblings & I a few years ago after she passed away. After the election & with Xiden in “office”, I asked our tax lady if I should take it out before end of year (2020) because of not knowing what will happen, and she said “yes take it out!” She said she was telling everyone that asked her the same thing. I had fidelity take out 20% for fed taxes before sending me the check. I don’t know anything about the stock market, so I didn’t want to take any chances.
Here is a link to game stop site with a list of share holders. https://news.gamestop.com/stock-information/institutional-ownership
You see Fidelity Management is at the top of that list.
I have a 401k with Fidelity with around 100K in it, do you suggest I transfer that shit out as quick as I can?
I don't know a lot about this finance stuff, I'm not sure if Fidelity was one of the companies that were shorting Game Stop and I don't know if its a risk to stay with Fidelity. Anyone got any answers?
I put my 401k into all cash a few weeks ago
What if the currency takes a shit? With all this government spending your money will be depreciated through inflation at minimum.
It's a risk I'm willing to take. When the market tanks I'll put it back into top stocks by market cap and ride the wave back up with cheap shares.
If the market takes a crap on this, like we're all thinking will happen, and the market crashes, your 401k will be just as worthless as th fiat currency it's backed by. So, what's the difference between cashing out now, hoarding your moolah, maybe buying essentials with it that you'll need, or using that cash to buy precious metals?
The shareholders there are "real," not shorting funds. Those who play the short game are borrowing stocks from those that actually own them, most of the time without explicit permission from the owners. Anyway, Fidelity owns real stock, which would take them to the moon too, unless they've also sunk loans into Citadel and friends.
Well I had a small amount in a Fidelity account, but it was my mom’s retirement that was split between my siblings & I a few years ago after she passed away. After the election & with Xiden in “office”, I asked our tax lady if I should take it out before end of year (2020) because of not knowing what will happen, and she said “yes take it out!” She said she was telling everyone that asked her the same thing. I had fidelity take out 20% for fed taxes before sending me the check. I don’t know anything about the stock market, so I didn’t want to take any chances.