I moved 50% of my 401k to ARK and other growth stocks last summer. Now I’m down significantly and with the outlook for growth being not great I’m thinking what I should do. Accept the loss and move to other ETFs or continue to buy the dip
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1. 401k plans were designed to protect employers, not employees. Search for the 1978 bill’s history.
2. All the financial risk is transferred to the employee
3. The fees you pay are invisible by design (bundled with admin fees, exoense charges by the fund)
4. Index funds outperform actively managed funds.
5. You have no idea what’s in your 401k. It may as well be magic beans
Anyone saying “professional brokers can’t beat the market, neither can you” are sadly misinformed and very financially illiterate: they are better off letting crooked brokers scam them than making their own final decisions. Brokers are not your friends. See here for ETFs that beat the living shit out of the market year after year.
https://www.marketwatch.com/story/these-lucky-seven-etfs-left-the-s-p-500-in-the-dust-in-the-past-decade-plus-11611180277
https://www.investopedia.com/articles/retirement/11/6-problems-with-401k-plans.asp
You’re right about the expense ratio of some funds being low, so just buy those then?
I'm scared of buying the dip now but I won't sell it.
In Cathie, we trust.