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If anyone today tells you to liquidate your 401k and sell

Posted on: March 9, 2020 at 10:24:39 CT

4TigersinMichigan MU

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M.O.B. Votes:

off all stocks, that is a hysterical and unfounded reaction to what is happening. Don't do it. There will be some short term pain. And it may take some time to recover. Really though, over time you will be fine.

Now, read closely because this baffles many here. That warning against overreaction does not mean this is not a serious economic issue that should be considered. If you need your money soon you may wish to consider some options. Moving forward this could be instructive from a diversification standpoint. There are some things you may wish to do. But, by taking precautions that does not mean the overriding hysteria mentioned above is logical.

I am a giver. I trust this helps.

Edited by 4TigersinMichigan at 10:25:09 on 03/09/20

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MESSAGE THREAD

If anyone today tells you to liquidate your 401k and sell - 4TigersinMichigan MU - 3/9 10:24:39

401k managers and liquidating for you - tigerinhogtown STL - 3/9 10:42:37

Weren't you saying the same thing when the market dropped - tigerdb MU - 3/9 10:40:09

I would highly recommend you take no advice from this board - 4TigersinMichigan MU - 3/9 10:42:28

You're making stuff up again (nm) - MrBlueSky MU - 3/9 10:38:36

nobody is saying to liquidate your 401k (nm) - ashtray UF - 3/9 10:38:25

that's why he said "if". - dangertim MU

- 3/9 10:52:53

So just a random "if" - meatiger MU - 3/9 11:14:33

oh, I know what he was doing - ashtray UF - 3/9 10:56:29

Picked up on that did you? - 4TigersinMichigan MU - 3/9 10:53:31

Yep, that would be overblown hysteria - 4TigersinMichigan MU - 3/9 10:41:00

You missed his post - meatiger MU - 3/9 10:50:14

so what's the overblown hysteria you are referring to? (nm) - ashtray UF - 3/9 10:45:17

No, 4Tigers - mizzouSECedes STL - 3/9 10:42:05

That is the black and white world some here seem to - 4TigersinMichigan MU - 3/9 10:43:48

yet, you can't say how it is overblown - ashtray UF - 3/9 10:46:05

I guess all those masks, bottles of water, etc. are flying - 4TigersinMichigan MU - 3/9 10:49:28

Is that the media's fault? As you contend? (nm) - MrBlueSky MU - 3/9 10:53:40

holy change of subject batman(nm) - meatiger MU - 3/9 10:51:02

answer the question (nm) - ashtray UF - 3/9 10:50:17

The day is still short, so I'm hoping you'll write - Newcatbirdseat MU - 3/9 10:28:39

Here is a crazy thought. Hang with me. Really, it is off the - 4TigersinMichigan MU - 3/9 10:29:47

Your time is coming. - Toger STL - 3/9 10:34:08

lol(nm) - Ragnar Danneskjold MU

- 3/9 10:30:58

Some days this place is off the charts fun - 4TigersinMichigan MU - 3/9 10:32:58