Don't have enough time to soak in brine before St. Pat's anyway.
Econ Market Updates: It ain't pretty rn
- Thread starter Leshaire
- Start date
Don't have enough time to soak in brine before St. Pat's anyway.
My company, and I am sure many others, sending out an email reminding us about market volatility and 401k. Lol
Our industry is tanking. They cancelled the Dental show and the Final four stuff. LAyoffs coming tomorrow.
Well, with the 30 day travel ban going into effect tomorrow, our guy over in Austria getting an extended vacation!
Seems like a nice place to get stranded for a while
I've got a buddy that decided now would be a good time to try his hand at investing.
Then he made 5 day trades in one day, lost $100, and got his TD account suspended for 90 days.
Then he made 5 day trades in one day, lost $100, and got his TD account suspended for 90 days.
I dont know what to do about 401K. At least with my IRA I have the freedom to do whatever tf I want. Can you have a cash balance and no investments in a 401K though??
Now is a time for those that really know what they're doing lol. Not a newb.
Why did they suspend his account??
Why would you take your money out when you're buying more shares for the $ than you have in the past 10 years? Are you thinking, "damn, shits getting too cheap, better start buying some more expensive shares"?
No, it is still based on the values if the funds or bonds you are invested in. It would be a very dumb move to do anything other than up your contribution right now.
If you tried to do that you lose money. Actually you want to increase your 401k right now ans take advantage of the lower stock prices. So, the value of your portfolio dropped. That means you sti own the same number if shares,just the dollar value has dropped. When the market swings back, you will have your value back. Buy low and sell high! Sock as much money into your account and invest in the dynamic funds and when the Corona virus is done you'll be glad you did!!!!
I’m already maxed out.
Maxing our the catch up also.
Maxing our the catch up also.
That's two of us doing this then. I'm hoping not to retire for another 7-10 years, so this is just a bump in the road and my 401k contributions just buy more shares right now.
I screwed up after the last crash. Afterwards I went with lower risk options expecting another crash that didn’t happen. When the market went back up, I lost out on a lot of money.
I have 12 years to go. So here’s to buying low for a while.
I have 12 years to go. So here’s to buying low for a while.