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.
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!!