this post was submitted on 28 Mar 2025
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No Stupid Questions

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I keep up with most of the dumpster fire that is current US news but I'm sorta lost on this one. I contribute to my 401k every week and have a few thousand saved up, as well as stock in the company I work for. Is all of the bad news referring to the stock market crashing? Is this general across the board or more company-specific? I consider myself decently politically educated but not so much economically.

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[–] Rentlar@lemmy.ca 6 points 4 days ago

Are you going to retire in the next four years? Or take all your cash out into gold, quit your job, and go into hiding for the next four years?

If neither apply to you, you can leave your money in your 401k. Selling index funds right now is ultimately up to you, but in the long term time in the market tends to beat timing the market.

What I've read in books is: Building up savings itself is more important than whether the returns are +10% or -10%, early in your career, since it will fluctuate but tends to average up.

And remember if your national index funds, bonds or whatever market and government backed investments lose half its value, you have bigger problems on your hand of the state of your country at that point which having cash on hand may or may not help anyway.