Stocks

Sell your 401k

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I thought this was a BTC chart for a second because I'm so conditioned to see pump and dumps now, boomers are fucked

Yeah we got about 1 or 2 months for a proper top to form

I took a loan out against my 401k to pay off some high interest student loans back in August. The major indices are now like 5% under my sell price. I might come out of this thing further ahead than I planned

Lmao
>your 401k is your money
Any profits you made from playing it smart would get wiped out by taxes

> just %35
You people damage control to your own detriment

Plus look at Greece, during the debt crisis the governed taxed the fuck out of its own peoples retirement. The only way to make it in life is to take huge bets when you're young on a few companies and balloon your over way up. I'm still passed I didn't buy Netflix back when it was 3 dollars and they had no competition, I was literally too lazy to make a brokerage account

24 with no 401k

I make better return investing myself

doomer here 24, i have 50k in cash in checking, 50k in my 401k, what do? sell all 401k now and move to crypto?

>sell all 401k now and move to crypto?
yes, in fact just buy BTC only.

>investing in the stock market

kek

cant tell if srs, but i see what you did there. why not eth tho, i believe in smart contracts and hold a ton of link already

>i believe in smart contracts and hold a ton of link already
If you truly want to make it, your portfolio should be majority BTC.

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this... take a loan if you must, you will just be paying yourself back plus interest and if stocks do crash you'll be re-buying low. if you sell you incur massive tax penalty and will miss out on the recovery probably (good luck timing the market)

Not literally sell. Reallocate to hedge your 401k brainlets. You can move it to a money market penalty free or invest it into metals

can't wait for all you maximalists to get blown the fuck out, it's going to be a glorious day. hope that lightning network works out for you.

In my 401k it's bonds or money market. IRA I can do anything. So my IRA is GBTC, Gold, Silver, and bonds.

don't you fucking dare touch your 401k at 24 years old no matter what meme lines say, you have 50 years of stock market cycle riding to look forward to

You’re a fuckin brainlet if you’re under 40 and actually considering doing anything with your retirement accounts. You guys really think you’re gonna outsmart professional stock investors who themselves can’t beat the market average 90% of the time. You probably have

unironically this

dont listen to him. BTC is controlled by china. XRP is the bets bet now.

They can't tax your crypto

It's not necessarily trying to time the market. The market is so overvalued and due for at least a correction. Entry point on retirement accounts plays a huge factor. When I see the stock market charts, I see basically a crypto chart. And all of our nonsense financial policy, I can't believe people buying this crap at these prices. The charade can't last forever. Don't grab the hockey stick by the handle.

>pie in the sky when you die

are you reinvesting dividends? because if you are you'll be raking in shares right now.

and by the way, the us stock markets have to keep going up, otherwise the usa is doomed.

Meanwhile, $50k in your checking? Jesus, at least cd ladder that shit or something. Or buy some precious metals or something.

will second this. you're young enough for this not to matter. Any actual boomers here would be wise to leave now tho.