Comment on Should I withdraw/stop putting into my 401k?
mesamunefire@lemmy.world 5 days ago
The best time to buy is when everyone else is losing their ass. This is the best time to buy, unless it isnt and the entire market dies.
I remember 2009-2010. It was much worse than this right now. The trick is keeping your job in this market.
litchralee@sh.itjust.works 5 days ago
This 100%. The other comments addressed the “should I withdraw?” aspect of OP’s question, but this comment deals with “should I stop contributing?”. The answer to the latter is: no.
The mantra in investing has always been “buy low, sell high”. If the stock market is down, continuing your 401k contributions is doing the “buy low” part.
mesamunefire@lemmy.world 5 days ago
If I was the one doing the buying and selling, I would definitely be doing sell low buy high lol.
I was lucky and lost some minor $$ in bitcoin back in the day. Now I just put it all on automatic. Index funds with monthly/biweekly deposits are the best for me and mine.