/biz/ - Business & Finance

>>16088294
Just call your fucking investment group that's holding your money. They'll explain all your options for taking your money back.

>>16088294
>He trusts other parties with his financial future
NGMI

>>16088360
dude, its a 401k. I don't know all these number things like you do. I figured I was doing good as long as I wasn't just leaving it in my checking account

>>16088294
We have literal 50 year old boomers here now. Unbelievable. There's a number of reasons why you should avoid most advice here, the primary one being that mostnof this board is under the age of 35. Depending on where youbsee the market heading you may want to move your 401k money into more conservative funds. This all depends on the options that your employer gives you. What funds do you have available and which ones is yiur money in right now?

>>16088386
1/2 in the s&p 500, 1/4 in s&p 400, and 1/4 in the Russell 2000 index. thanks for your response and not telling me to buy bitcoin.

just checked it to make sure I had those right, made $5,000 in 5 days.

>>16088384
Learn how to hedge, Manage it yourself

>>16088294
10-15% you are earning is mostly fantasy profits made possible by criminally suppressed interest rates and inflation. You are going to be decimated when the market implodes.

If you want to secure your retirement. Take out 50k which isn't that much.... put half into silver and half into gold. Then when the currency crisis/reset happens and the deflationary collapses of all asset prices.... that amounts of gold will be like having a half a million dollars in the year 1940

>>16088294
No fucking way you make 15-20% on a fucking 401k

>>16088405
The general sentiment here is that the economy is going to tank in the next few years and to buy gold/bitcoin, but we're full of doomsday cultists. You're a little old to be risking retirement funds on meme coins. Your retirement funds are going to get absolutely fucking rekt if the economy does tank though. If I were you I would begin moving that money into a 2030 target date fund if you have that available. The closer target date funds get to the target date the more conservative they become and generally focus more on government bonds than stocks. If you do that you won't get nearly the same kind of returns you're getting now but it's risk/reward. If you lose that money now you're going to be fucked come retirement time. I'm 27 and have a much lower net worth than you so just keep in mind who you're getting advice from here.

>>16088444
it says my personal performance is 21.25% right now

>>16088294
Remember paper is worthless. Those gains you make are not secure unless you put it in a real store of value and real savings which is gold and silver. Real wealth is gold and silver.

>>16088456
honestly, I have been hearing that for the last 20 years. but I was going to let it ride because I will have an early retirement pension which is twice as much as my monthly bills. I live within my means.

>>16088462
if that was true, why do people sell gold and silver. wouldn't everyone just keep it?

have to go to bed, will check back later if you guys keep the thread going. thanks for your input

>>16088475
Fucking boomers man no one has pensions anymore. Is this a larp or did you just make this thread to flex on us? If you can afford to risk it then buy some BTC nigga

>>16088484
We'll we are in a fist system. And people have to make dollars right? But if you don't have gold and silver when the collapse hits you'll be fucked.

Some people say well why do gold dealers sell gold if its so valuable? Well A. They have to make a living in the fist system and B. If you selling gold you are also buying. And you have lots of inventory. So when the collapse happens those dealers will be sitting pretty

>>16088405
>thanks for your response and not telling me to buy bitcoin.

the absolute state of boomer species

>>16088294

I have about $430K in my 401K, IRA, HSA. It's not enough. And you don't regularly earn 15-20%. 2020 was good. 2019 wasn't. And it's been a long bull market. You could easily lose a ton if a recession hits. How much is your spending per year? Does a SWR of 4% cover your spending if the portfolio drops 50%? Unlikely unless you live in a trailer. So keep working. And yeah, put a small amount in Bitcoin. Besides the 401K, I also have a paid off house because of Bitcoin

>>16089109

Obviously 2019 was good and 2018 wasn't kek