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What's the best way to recession-proof your 401K plan? |
Do I move my money into stable investments or ride the storm? I would suggest you change your mix to something stable and secure; move as much as you can into bonds. If you can afford the risk, put a decent percentage into higher-gain stocks realizing that you may lose out. I think the biggest thing to consider is don't risk money you can't afford to lose. I'm just starting my 401K so mine's about 80% bonds to keep it safe and secure. Consider where you want to be and how your portfolio's performance might affect that. Bonds Bonds Bonds.....i have lost almost 2% of my 401k value in the past 10 days...and now it's all in bonds. Guaranteed growth and stability until the storm passes. Might as well let the market contract as much as possible then dump it all back into agressive blend funds to ride the wave back up. Bonds are like walking out of the casino to take a break. :) Bonds are not guaranteed money makers. They are not any "safer" than stocks, they are just less volatile. They can loose money. As long as you are diversified with good mutual funds, I would stay the course, especially if have more than 10 years left before you retire. |
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