[MacNNFamous]

JFC the past few months have been a cyclone of news, hard to see what's real.

So... anyway. With the tariffs and trade wars coming, I'm thinking it's a good idea to liquidate all investments in my retirement account. So I did. I want stability of a pile of money > gambling on the market right now.

What say you?

[reader50]

You're assuming that US stocks will decline, but the dollar will not. You might consider moving your savings to Euros, to avoid volatility in the US dollar. Or precious metals, though they've shown volatility lately too.

During the pandemic, there was pressure on all currencies. Only the dollar and Euro held up fairly well - they're the only global currencies. The dollar did hold up better than the Euro at the time.

[OreoCookie]

I have no idea what's going to happen. The stock market isn't ruled by rational actors, and I have given up making sense of it. However, if the Trump Administration's tariffs and other policies start having real-world impacts, something might trigger if investors lose confidence in the US market.

[Laminar]

Originally Posted by MacNNFamous 

With the tariffs and trade wars coming, I'm thinking it's a good idea to liquidate all investments in my retirement account. So I did.

Is this a tax-advantaged retirement account? You converted it all to cash, paid the 10% penalty for early withdrawl, and will pay income tax on anything you contributed pre-tax?

[MacNNFamous]

Originally Posted by Laminar 

Is this a tax-advantaged retirement account? You converted it all to cash, paid the 10% penalty for early withdrawl, and will pay income tax on anything you contributed pre-tax?

Not withdrawing, no taxes. But you can sell your 401k mutal funds, and convert to cash IN YOUR RETIREMENT ACCOUNT, without penalties.

[reader50]

Originally Posted by MacNNFamous 

Not withdrawing, no taxes. But you can sell your 401k mutual funds, and convert to cash IN YOUR RETIREMENT ACCOUNT, without penalties.

I assume it became treasuries (T-bills) and possibly other bonds. That's what happens in my IRA if I disallow stocks.

[Laminar]

'16-'20 was good for investment markets. We'll never know how sustainable it was as Covid caused a market reset. Purely from an investment standpoint, getting out now means you miss the initial gains, even if there's a crash. I'm assuming even if the current administration guts the constitution, civil rights, and skyrockets income inequality, they'll protect the market. I'm in it for 20ish more years, so anything lost in a crash in the next four years will probably recover by then.

[MacNNFamous]

I hear what you're saying.... but it's my opinion they are going to tank the market on purpose, so they can buy as much stock as possible in like everything, then remove tariffs/road blocks and act like they solved a problem, and make stupid profits.

[ShortcutToMoncton]

America! Fuxk yeah!

[subego]

You can say fuck now.

[Spheric Harlot]

An ex-girlfriend was in private wealth management (>5 million €) for a very large bank.

Her basic rule of thumb was, "only bet what you can afford to lose, entirely".