i've traded actively since '07. post history verifies. If the purpose of the 401k is to hold for decades, and studies have shown that timing the market is impossible, tell me where I should be selling. If I sold last year at this time I'd have missed out on what, 25-30% gains ? What if I sell now, i could lose out on another 25%. Oh, lets wait for the 20% retracement like we had in october '08. But then market came back up. Or we wait for 20% retracement, failed attempt higher, and sell under the 20% at a 25-30% loss. There's no winning when it comes to timing the 401k. Either you lose out on gains, take a heavy loss, or call the top perfectly, which as of yet, nobody on this board has been able to do since it hasn't happened yet, yet many have tried.
Dow goes back down to 15000 from here or continues to 40,000 and drops to 20,000. That inflated million dollar house goes back down to $600K. People losing jobs is never good. But if you haven't been saving when times were really good you only got yourself to blame.
You contradict your original post here and prove my point exactly. If you are going to buy and hold, who cares about your 401k losing 50%? Great time to load up. If not you are already long and you don't care since stonks only go up. One cannot worry about losing upside gains while not exposing oneself to the downside.
Hmmmmmm. No opinion yet on where Apple goes today. Or the next few days for that matter. There might be a trade at the bell. If it goes up, I really don't think it'll stay up for the week, but if it starts climbing, it might keep going. Its pretty heavily shorted right now. If it breaks $326, I'd buy it on a spike down around $325ish and look for it to run north of $330 this week. Fun, fun.
We'll just have to see what the big money thinks about things. What I wanna figure out here, Apple aside, is where the money is gonna land as sector rotation is bound to happen as Corona is appearing to be getting worse. Tech is already up.... hmmmm. I might go long BUD at the bell. Its been beaten down quite a bit. Corona won't stop beer drinkers. Yep that's the plan. Buy $BUD for a hold at $73. (edit: that was an unintentional irony... "Corona won't stop beer drinkers") edit 2: BUD sure looks like it could drop down to $71ish... oh well, it's a buy down here either way. Big money will like that 2.74% divy. Pretty safe.