They're keeping a lot of us tied down by controlling retirement savings. I know the market is shit right now, but it would send a big message if a bunch of Americans pulled money out of 401K-type retirement plans. My wife and I cashed in my 401K a couple months ago and paid off our home loan 8 years early. Obviously there will be a penalty for the early withdrawal but we're also going to save tens of thousands on interest payments on our home loan so I'm hoping we're close to breaking even on the transaction. We've begun to invest our monthly mortgage payment into ethical investments that we choose, which feels great.
It's possible they're tanking markets on purpose to keep people from cashing out of the system. They're hoping they can pull their Great Reset shenanigans and nobody will touch their money because we've been conditioned to ride out the lows. These 401K plans give big wads of our cash to the people who don't give a damn about us. Think about taking some of that control away from them.
Holding cash is like cradling ice in your hands. Goot you cashed out some but the 11% inflation rate means if you are not getting any return you are losing some. Instead of pulling out, reallocate.
We used the money to pay off our home mortgage. Now we use the money that was going to our mortgage each month to invest in whatever we want. Bought some shares of Rumble recently.
You put it to good use, paying off the home is huge!