Move My 401(k) To Somewhere Safer?

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[fastxsam]

I know a guy who cashed his 401k early to buy a used suv. People will never learn.

[nicholasmartinez]

This caller is the epitome of: “tell me you’re a noob investor without telling me you’re a noob investor.”

[freedomfan]

I moved all mine previous 401k's and even a previous pension into a IRA not long ago. I contribute to my IRA monthly and 401K at the employer I have been at since early 2019.

[RRAREBEAR]

When this man made this call, now looking back, was one of the BEST times to buy. Greta advice by Dave to KEEP buying. It went to the MOON from there. Wow.

[siegfriedbraun]

I'm more than $300k behind, and am laughing like mad.

[thejokerspeaks]

I want all in on inflation adjusted bonds in early December, and am down zero. I don't know where the bottom is, but I'm going to buy after a 15% recovery from that bottom, solidifying that it is not just a relief rally.

[domd]

NOW IS THE TIME TO BUY AS MUCH AS U CAN

[MelloProto]

The more the bots and (possibly paid for) YouTubers tell me everything is bad, the more I buy. If stocks are trading “multiples above” today, why did no one say that in January??? Very suspect.

[imveryhungry]

There should really be a class on 401ks offered by employers or schools or something. Theres no pensions anymore so when most people get old now the 401k money is like all they have to live on.

[doomshallot]

the more down the money is, the better the buys right now. and more importantly, the more it means you should NOT sell or move your money

[donjohnson]

What he doesnt realize is that "BUT" erases everything you said before it, and everything after it is an EXCUSE. Bah ha ha!!! "I know this Dave "I understand you dont do that Dave BUT

[richard]

The point to move the money NOW is not because it has dropped and you think it will not recover right away. It would be because you think it will continue to drop. All decisions need to be made based on current value, not prior value.

[ryanauburn]

I’m here researching the same question myself two years after he asked it. I myself feel convinced the market is about the downturn, if the caller had done this when he was convinced about the market two years ago, he would’ve missed out on one of the biggest bull runs in history. Let that That sink in before you decide.

[jimmymcgill]

Who's ever in charge of this channel. Remove the spam comments.
We all know YouTube isn't doing anything about it.
And us reporting doesn't do anything.

[Mythos-ms]

I ended up moving mine to bonds in 2020 and when it was near the bottom I moved it back to large cap and gained 53%. The following year I made 26% by leaving it in large cap. This year I moved it and reduced my loss by 15%. I was still buying large cap at a discount.

[adamseidel]

If everybody were in agreement it’s more likely to start going down rather than up… it would have already gone down. Don’t sell low.

[dynamics]

where is the safest place to invest during inflation?

[johnhwang]

Our 401K skyrocketed in 2019 and 2020. Near the end of 2020, we decided to switch to safer investments within the 401K to capture the gains, but new money going in went to the original higher risk funds. We didn't catch the peak, but close to it. Glad we made the move.

We are in our 50's and don't have as long time horizon as younger investors. We are fortunate to have caught that wave.

[mplslawnguy]

I just can't wrap my head around how many people actually think they're losing money because their accounts are worth less. That's all it is, they're worth less, you still own the same amount of shares. You have to take emotion out of investing and look at the big picture. I think some people just don't have the maturity or the patience for investing and are better off storing their money in the mattress. You can't help some folks, they just don't get it.

[ramonuy]

Heard there is a saying : No Pain No Gain .