First, lets start with this question: Where did it go?
On August 1st the DOW was near 40,000, 2 weeks later (today), after a couple weeks of losses and gains, the DOW is back at 40,000 however, my 401k is $5000 less than it was on August 1st. Can anyone explain this? Is there any better example of a pyramid scheme? It is like they are constantly skimming of the top.
I would love to pull it all out of the market and invest in some gold but I figure I would take a $50,000 loss after paying taxes and early withdraw fees.
I assume the market it going to take off like gangbusters after Trump gets back in office. Perhaps it would be best to leave it in the market and hope for a good run over the next 4 year under Trump.
That birngs me to my second question. Where do you think people should be invested with this upcoming economy under Trump? What sectors do you think is going to give the best rate of return for the next 4 years?
I have aprox $200,000 in my 401K. It is in a 2030 retirement fund. I plan on retiring in 5 years. I have been putting aprox $1500/month into it. Rate of return for the last year was 12.3%, 7.8% return over the last 3 years.
Here is a breakdown of how my 401K is allocated.
Domestic Stocks 49%
Foreign Stock 18%
Bonds 23%
Short Term 6%
Other 3%
I could move my 401K to a 2050 fund, take the risk with some with riskier investments and if not, what is your advice.
Thank you.
Gold
Have you seen how much they charge you to put part of your 401K into a gold 401K? The fee is astronomical, it would take years to recoup the loss. I doubt I would put any of it in physical gold if you are near retirement. Just my opinion. Stay well diversified. I use a certified financial planner (fiduciary). I tried buying and selling stocks on my own (years ago) and was not very successful. Some people are good at it though.
I think we will see a big run-up over the near time window before the election. This will lead to the cautious types deciding that they will miss out if they don't jump in. At a certain point, the cabal types will sell at the high prices and the market will collapse. I think there will be a scare in the China/ Taiwan theater which will cause the tech stops to collapse because of TSMC being located in Taiwan. I expect a slaughter in the tech stocks. I sold my stocks in my IRA and I will buy back in after it collapses. This is not advice, just telling you what I am doing.
Yes, I was going to mention that, tech stocks will be destroyed once the prosecutions begin. Like Google being broken up, Google is going to collapse. The tech companies that pop up to fill in the vacuum created by Google's demise would be a good investment. I have a feeling Facebook, Ebay and PayPal will also take a big hit. Any company that was conspiring against Trump will be charged with election interference and suffer the consequences.
A crash is coming. It's now just a race whether is happens before, or after, the election. Regardless of who wins, 2025 is going be a dismal time.
Fed chair Paul Volcker figured it out in 1979. In order to squash jummy cooter's inflation, you have to dump the economy on its ass. So Volcker raised the federal funds rate to 19%, crashing the market. It led to the recession of 80-82, followed by, with a few minor hiccups, a twenty-year bull run.
journal of economics
theStreet
I have my 401k in cash/ govt bonds,as I expect a big drop.
Then I will move back into the market. I've cut back on my contribution and I'm investing in shorted stock like GME and DJT and physical silver.
Can't you Rollover a retirement acct to invest in gold without tax penalty?
Yes, in most cases
I don't think so. I think you have to use after tax investments for that sorta thing. My 401k is through Fidelity and I doubt Fidelity would offer something like that. They want you invested in the market, not in a fund betting against the market.
I have been contemplating what I should do for the last few months. My gut tells me to take the loss, remove it, invest in gold and silver. At the same time, even if the market takes a big hit, I suspect it would rebound quickly under Trump.
I know I could roll in all into bonds but people have predicted the bond market is going to crash also.
I had two fidelity accts a trad ira and Roth ira, wanted better options so I rolled over into a new firm that offered what I was looking to invest in.
Not sure but you may be able to Rollover a portion, test small on gold and then if results meet your satisfaction move more money over.
Thanks for the ex, I hope you meet your goals and crush them!!
18 grand a year for 5 years will net you 90,000. That is not taking into account capital gains and accrued interest. We made good money with Apple stock, that is if you can get individual stocks. My 401 only allowed mutuals and bonds. You can find out which mutuals have the stocks you desire. I never bought bonds, just mutuals. A good stock charting program will show what’s going up and you can compare several at the same time. I retired 5 years ago.
Physical Gold/Silver IRA? Doesn’t earn but goes up when everything else goes to shit. That’s the theory, anyway.
Seems like physical gold would be subject to theft. Is it insurable?