401K Sell-Off Poll....

Based on the 6 older folks I know:

5 are still long the Market.

1 cashed out.

 

Huh.....

Interesting results, so far.

 

now i am getting scared. these folks won't go into cash until we drop another 20% in one week.

 

These folks won't go into cash at all. They're most likely a decade or more away from retirement, and they think as they always do "It'll come back before I retire". The ones retiring soon are the ones who went for the cash.

 

if someones portfolio is down 50% and you are 55 or less even maybe 60 years old or less they will not sell, the people who sold are 65-75+ who need the money to live now although they will probably have to go to work again lol

 

Then I'm going long: HI (Hillenbrand, Inc.: owners of Batesville Casket Company, Inc.)