CorbLand
WKR
- Joined
- Mar 16, 2016
- Messages
- 7,696
I wouldnt say it would be a dumb idea to put any new contributions in lower risk stocks/funds or even taking some of your profits and moving them to safer bets. I would not pull them and just let them sit though.Im not a doom and gloomer expecting a hard crash. Just feel like we are in for a rough year and wondering about putting some aside. Planning to up my contribution by 50% next month so hopefully I get a good buy in on the dip if it happens. You are right though, very unlikely to time the market.
You have time, let it ride and start worrying about timing after your 55. I am far from an expert and am 15 years younger than you are so take it for what its worth. I have definitely started to be more conservative with what I am buying and have been for the last 6 months.
It just makes me chuckle to listen to people. Even if the stock market took a 50% hit today, I would still be ahead of where I was in 2019/2020. Same with housing. I listen to people say that housing is going to crash like it did in 08. Where I live if housing took the same hit that it did in 08 today, it would be 5% higher than it was in 2019. The same people saying it today were saying it in 2019. I made the mistake of listening in 2019.
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