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I got the job. That is all.
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Think about it this way. The money you’re saving now is buying more than it did a year ago. As hard as it is, when market drops, invest more. That said, with interest rates rising it is a good time to put after tax money into savings accounts that are earning 2% and more.
Also worry more about your job and your personal growth to have skills and connections if you need to bounce. Invest in you.
The shares are on sale now, and you’re likely not going to touch them for decades. Buy buy buy
Leave it. It will go up again. It’s taking and putting the money in and out that makes you lose.
My absentee financial advisor called me about it. That’s how I know things are getting volatile. Leave it, as hard as it is
Mine said this same thing.
Keep investing. Keep allocating $ into your 401(k). Buying now in a “dip” balances out drops in value when you bought higher. Automatically set your account to reinvest any dividends. Remember when it comes to long term investing you only lose money when you sell. Right now it’s on paper. Once you sell its a reality. It will bounce back especially if you are in a target date or other type of fund(s). Market is cyclical. The absolute best leg up you can give yourself in investing is TIME. Do it from a young age and don’t stop. Also try to invest additional money in a ROTH IRA. Up to $5500 a year you can put in that grows 100% tax free. Forget your retirement accounts are even there and keep on saving!
The less you watch your retirement/investment accounts, the better your health and finances will be
I barely ever look. Got a long way until retirement for it to bounce back
Having ridden out the downturns of both the dot.bomb in 2000-2001 and the 2008 recession, it is hard to see that money you never exactly had go. Still, for the pedestrian investor the advice is to not only keep money in the market, but keep putting money in the market during a downturn. You’ll be buying low and leveraging dollar-cost averaging to take advantage of what history suggests is the eventual, but unpredictable rally. Your advisor probably also talked about the market’s long-haul average rate of return beating any bank or bond interest rate.
No crystal ball (or I’d be retired in Maui already), but “historical performance” does say leave it alone.
Inject this response into my veins
buy low, sell high
It’s really hard to time the market. Keep investing, especially if you are decades from retirement. Buy a little every month, to smooth out the dips. And look to your allocation. A target retirement fund will automatically shift your investment from
stocks to bonds as you get older, so a bad year in your final decade of work won’t affect your retirement so much.
Increase contributions. Buy low sell high
Now would be the worst time to sell your stocks. It would essentially be like you bought something at a high price and selling low. If you can ride it out it would be best. And if you have money to invest, now would be a great time to get in. But more stocks on sale. Maybe stick to blue chip companies, smaller companies can sometimes break during a recession. (Not calling this one but just going through some scenarios)
I increased my contribution percentage to basically the highest I could manage right now. It’ll come back up and in theory I’ll be getting shares for much cheaper than they’ll be in 40 years
Don’t look and leave your 401K alone
Max out your 401k every year and choose passive funds (index). Long term, you will buy when high and when low, every two weeks. When you are 70 you will know it was the right move.
Invest more if you can.
Leave it!!!!!!!
If you’re 30 today, you’ll see 2-3 more recessions before you retire. Leave it and it will grow. Separate from my 401k, I invest in tech stocks via Robinhood. My portfolio is up 5% this year, but down 30% in the last three months. As much as it hurts to see the downward swing, what would hurt more is selling now and actualizing the loses. Better to let it sit; it will double in value over the next 10 years.
You can still decide how to allocate what’s in your 401k. Shifting half your money from equities to money market funds or equivalents could save you some cash over the next year or so.
If you’re truly concerned, lower the percent contribution and put it in a high yield savings account like Ally or Marcus. Interest rates are over 2%.