Money

401k - is it a good time?

Tableau ImTableau
Jan 7

Is it a good time to invest in 401k given the current market volatility & uncertainty? We could see a recession soon and stocks will nosedive. I don’t want to take a huge hit on the 401k to start with.

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  • Qualcomm / Engdynasty001
    “Time in the market beats timing the market”
    Jan 72
    • New me2you.
      Time the fed. Market with 1-2% gdp growth isnt going to produce much compounded interest.
      Jan 7
    • Workday / ProductDescartes
      We're at over 3% right now...
      Jan 8
  • Google / MgmtDian
    Then do nothing. Eat your money - it will stay safe in your tummy.

    Remember, noob: time in market always beats timing the market.
    Jan 70
  • Google thinknot
    If you're getting a 401k match, you just need the market to lose less than your match. Don't pass up free money. 50% match means the market needs to lose 33% for you to break even. Pretty much a no-brainer.
    Jan 70
  • Intel superrr
    Don't choose Target date funds... If you have access to vanguard... Go for vtsax (today stock market) and vbtlx ( today bond market) and forget to investments. Go for 80:20 or 60:40 depending on your risk appetite.
    Jan 70
  • LinkedIn Eng155
    Don’t time your market. Buy and hold for 30 years+.
    Jan 70
  • Intel superrr
    Read common Sense on mutual fund by jack Bogle. He is the finer of vanguard and the inventor of index funds
    Jan 70
  • Tableau ImTableau
    OP
    Good suggestion. I should max out in 401k this year. Any particular funds to choose? Or shall I just go with target dated funds?
    Jan 72
    • Qualcomm / Engdynasty001
      Go with target date funds . Usually with less ER and set it and forget it. I contribute 20% of my paycheck to fidelity target date fund
      Jan 7
    • Microsoft / EngTier 1
      Target date funds have extra fees
      Jan 8
  • Tableau ImTableau
    OP
    I have access to Fidelity through work. Any suggestions on good ETFs to choose? I can do 80:20 split.
    Jan 71
    • Salesforce pestapla
      Google the three fund portfolio
      Jan 8
  • Intel superrr
    See if you have fxaix it's and s&p 500 index fund
    Jan 70
  • Intel superrr
    ETFs or MFs there is not much difference
    Jan 70
  • Tableau Zero Cool
    At least get the max company match. Free $$$
    Jan 70

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