401k dump

VMware
Melissa1

Go to company page VMware

Melissa1
Apr 20, 2020 433 Comments

With the economy going nowhere, is anyone thinking to dump 401k and get cash?

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 TOP 433 Comments
  • New / Eng
    Psynaptic

    New Eng

    PRE
    Neuralink
    BIO
    Working on Brain Machine Interfaces
     Psynaptic
    Lol wtf, now is the time to buy in, not dump. Would be a different thing if it were a liquid account, but a 401k is something I intend to draw from at 60, so right now everything is on discount
    Apr 20, 2020 33
    • Taylor Farms
      belonita

      Taylor Farms

      belonita
      What else do the chinese own in the US?
      Apr 21, 2020
    • Per the bottom of every mutual fund prospectus: "past performance is not an indicator of future performance".
      Apr 21, 2020
  • Walmart
    AFamilyMan

    Go to company page Walmart

    BIO
    Been there, done that. Grey hairs.
    AFamilyMan
    Are you 55+ years old? Then do it, else not worth it
    Apr 20, 2020 13
  • New / Mgmt
    capuccino

    New Mgmt

    PRE
    PwC, U.S. Department of the Treasury, Raytheon
     capuccino
    Yeah I saw this and I’m thinking I hope you’re good at coding because you’re shit at finance and economics
    Apr 20, 2020 6
    • Lyft
      taopaipai

      Go to company page Lyft

      taopaipai
      Mate, I'm back up positive YTD. We f**k you're talking about. And yes, bond should be safe enough for anybody that is worried
      Apr 20, 2020
    • Oracle
      GUMi47

      Go to company page Oracle

      GUMi47
      I'm up 15% YTD mostly on SH and SDS but that's not a conservative strategy. If by safe you mean losing after inflation then sure, bonds are fine.
      Apr 20, 2020
  • Google
    TIaV41

    Go to company page Google

    TIaV41
    My father in law is a C level exec at a large US bank. He said that it's one of the most stupid things you can do financially.
    Apr 20, 2020 9
  • Zoox
    fmwt

    Go to company page Zoox

    fmwt
    Lmao nothing like locking in your losses at the worst possible moment.
    Apr 20, 2020 7
    • NVIDIA
      vnnP31

      Go to company page NVIDIA

      vnnP31
      Bingo. Guess what, those going into cash aren't so confident of a crash or else they would have bet everything shorting the market. Likewise those sure it is going up could make a leveraged bet to that effect. Most of those who are so sure of the market and actually act on it get burned
      Apr 20, 2020
    • GE
      ItsAllGone

      Go to company page GE

      ItsAllGone
      Confidence is easy to attaining if your simple. A bit harder if your not.
      Apr 21, 2020