Think you're safe because you have a pension? In 2019 you will find out just how dependent your provider was on the stock market. Hint- Totally dependent
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I'm reading what you are all saying here -- Could you guys share more insight? What would one do with their 401K to prep for the incoming downturn in stocks?
I want you to recall your words over the coming (hmmm should I announce in months or years), as you reflect back upon this post, that gave you so much information that you kindly disregarded.
Assume most people don't know what they are talking about. Have you ever considered the tiny majority, that may actually be correct and do know?
I've not even going to go in details in how to save yourself, or 401K, or whatever. 2020, the month I leave to you. Fail, or not, that is on you. Right or wrong, fall with the market, or not. I have my game plan set, and I know the month. Use your head, or end up financially dead.
Do you actually, I mean actually, think the market is all random? Shame. It's designed to fleece the unknowning.
You can say that for the past decade and you will be right philosophically but so wrong in reality. That's all first order thinking, everyone knows it but it doesnt make sense to wait for over a decade for things to crash. That's not how money is made.
Since there was no further interest in this topic, allow me to share something that will get your thoughts turning, if nothing else than for self preservation. Afterall, the 401ks, the pensions, it's all tied to the stock market. The entire perspective, is that the economy is doing well, strictly based upon the market. Things will go great, until they simply do not.
I will not give anyone the keys to the kingdom, but I will kindly remind people to look at the bitcoin chart, dating from December 2017, to current. Soon we will see a new fantastic DOW high, things will look very bright and rosy, they will tell us that we've achieved a new level of prosperity. Listen, learn, and compare. There is a reason as to why history tends to rhyme. It's actually hidden in plain sight, that the sheep are currently being lined up to be sheered - completely unaware.
When the time comes, refer back unto this post - I'd recommend to make a mental note. You may wish to copy it onto your desktop. Tell me how many lives were financially saved - if you were intellectually capable enough to figure it out. Otherwise, I guess this is all b*ll. Maybe I'm making it up. It's too far out in left field.
You aren't incorrect, but I would say your timing is wrong.
The market is setting up for the next significant leg up. It's setting up one large flag pattern dating from 2016. Before the end of summer 2019 you will wonder how your portfolio has gained so much. However, what comes after, is a reason as to why all these companies are leaning themselves out. 2000 was bad, 2008 was worse, and xxxx, do you believe it will be better or worse, than the two drops prior? The pendulum swings both ways. 401k, pensions, they will all move accordingly.
If you haven't already, I'd recommend learning to read the stock market and charts. There are a lot of answers contained within. Be in when you need to be in, and be out when you need to be out, think larger picture. I'll say no more other than to wish everyone the best.
Maybe it'll spark and interest for someone to do their own research.
The sky is falling. The sky is falling. LOL!