Anyone else watching their 401k take a hit. Investment Advisor said to leave it, because it's for the long term. Thoughts?

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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.

likesmarthelpful

The shares are on sale now, and you’re likely not going to touch them for decades. Buy buy buy

likesmartuplifting
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Yep don’t really care. Buy low. Staying invested as is

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Leave it if you’re more than 10 years away from retirement. It will definitely come back. I watch the markets but am never concerned with retirement funds because it’s far away for me

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Depends how old you are... But generally speaking micromanaging your 401k leads to knee jerk reactions. Highly unadvised. Personally I'm invested in emerging markets. That's where the growth is coming in the next 40 years 🤷🏼‍♂️

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Like what if I may ask?

If you’re under 55 now is the time time buy more. Buy Index, Buy monthly - dollar cost average.

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60% large cap stocks, 20% in mid, 10% small, 10% international. International are having a super tough year but there are a lot of people who think it’s going to turn around soon. If you’re super concerned, you can pull from the international if you want but this is a long-term game. Diversifying is always the right thing to do

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2019 should be interesting. Keep some Bitcoin under the mattress.

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Stick it out. It’s cyclical and down the road will bounce back. It ALWAYS does. Right now it’s a good time to buy as stocks are at a great value.

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Yeah keep it. It’s a long term thing. Markers always bounce back in the long run

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Yeah oddly just looked last night. Frightening I’m closer to retirement [death] than most of you. Good thing it’s a long term investment. Just assume that President Pence will do a better job.

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I can’t understand the point of view that can say Obama and Trump are the same. I’d say Obama is honest, meaning he is trying to make policy for the good of the country as he saw it. I’d say Trump is dishonest, because he’s trying to make policy to enrich himself and a small group of allies.

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It’s about time in the market. Not timing the market. I’ve seen 3 bear markets in the last 20 years and the 401k has survived. Hang in and hope you retire during an upswing.

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Ride it out. Remember that when the market tanks, you’re buying stocks on sale. In a few years you’ll thank yourself.

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Leave it. Markets will rebound. Put it this way. If people would have just kept everything they owned when the market crashed in 2008 they would have been + again by 2016. Don’t panic.

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Just don’t invest in advertising holding companies 🤦🏻‍♂️😝

likefunny

You crazy? I put mine in IPG. The dividends are great, and I get a discount through my employer.

Leave it. Same thing happened in ‘08. The markets came back. I know lots of folks who left the market and never recovered. If you’re asking about your 401k here you’re probably young enough that you won’t have to worry about it for some time. It’ll grow. Unless of course America really goes to hell, which is a possibility too

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You only lose if you pull money out on these.

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It can be tough to look at (so don't), but know gains or losses are only realized when you're withdrawing. If that's not any time soon, there's no reason to pay the dips any mind. And as others have explained, dips are even good while you're buying into the market.

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Market always bounces back. Leave it. It's for long term.

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How much you've gained or lost so far is irrelevant unless you're looking to cash out soon. If you're not, then it's going to look completely different 20-40 years down the road.

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Leave it or regret it. 401k is long term investments.

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I went through similar during the 2007 housing crisis - try not to keep checking on it.

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