Is it worth to dollar cost average stocks and other investments like crypto and gold right now? It might sound stupid but I'm a youngster who's starting their first full time job in a trade and they offer 401k and match and am wondering if it's worth opting in, especially in this climate, if things may drop deep?
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I want to say that this is not financial advice. I can't stress that enough. I don't know what is going to happen in the future with 401Ks and other retirement benefits. What I can say is that they are a scam.
Most retirement plans limit what you can invest in. In general, you can't just take the funds you put in and buy any 'ole stock you please. In fact, it is highly unlikely you can do more than choose a certain type of mutual funds (if that).
I elaborate this a great deal more in my report (section 2.1.3.a), but in brief, a "fund" is a way for other people (the Cabal) to own stock using your money. So all of those 401ks and IRAs and other retirement assets are really just a way for the Cabal to own the world. That is why they make it so hard to pull money out of your retirement funds. They are using it to control your economic world (fully elaborated in that report if you start from the beginning). They don't want you taking your money out.
That doesn't mean it isn't a good investment in the economy they have created for us. On the contrary, as for the most consistent ROI, their funds do a great job. That of course is an essential part of the scam. However, presumably we are about to be making a transition away from that. I think that a big crash will be a part of that. Whatever the readjustment will be afterwards, and who will be in charge of that adjustment, will dictate how devastating the impact of the crash will be.
I think someone has a plan for our transition into a completely new economic system. Hopefully it will be one where we don't suffer too much.
Personally, unless you can buy stock like DJT or GME in your 401K (which is almost certainly not the case), I would put aside whatever money you would be investing each month, and take it and buy silver. Real, in your hand (or safe) physical pieces of silver. That is what I would do.
But I am not a prognosticator. I do not know "The Plan." I can only prove that the retirement fund system is a scam, but it's not a total scam (most scams have some element of truth). I don't know how that scam will be closed, or who will do the closing. There are too many unknowns. Just be aware of the scam, and for what it's worth, I have given you what I would do. I do not say these things without reasonable doubts however (too many unknowns about what is intended), so take it as it was intended: as relevant information.
Follow your intuition -- you are right. I was a futures trader. Dollar-cost-averaging only works over time in a normal market. What we have now is not a normal market. It is artificially overvalued by several factors -- the worst of them being ETFs creating nonexistent ghost shares and futures contracts with no representation of reality in the derivative markets.
I did a paper napkin analysis of the DOW not too long ago, and it should be trading 15 - 18,000. All you need to do is take a look at small cap stocks and see that they are not participating in the rally in any significant manner. That speaks volumes.
It's always good to have a retirement and also diverse investments. You want some that are easily liquidated if you need. Buy low, but prices always fluctuate so sometimes that's hard to do. Best thing when starting out is make a budget and stick to it. Don't forget to figure out monthly costs and and make a separate savings account for random expenses like car insurance and repairs, emergency fund, new car, down payment on a house, gifts, etc., then put the rest into savings and other investments and you'll learn which ones give the best returns over time.
Bitcoin is currently the ultimate preservation of wealth, even over gold. I'd highly recommend getting both though, as well as silver.
As for stocks, I'd recommend staying away unless you do some research into the naked shorting done to Gamestop, Chewy, AMC, and others.
It could be worth getting the 401k match. There should be a money market option that will pay at least 4% now with very low risk to the principle. Then invest if there is a crash. If you change jobs, then you can roll it over into an IRA where you can buy whatever stocks you want.
I'm not a financial advisor.