Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.
Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.
It’s a 401k. I can’t move my money out of it without taking a tax penalty.
Look up the video on investing at market peaks.
Bro he literally said the tax penalty is less than his loss
L2Read.
Yes there is a tax penalty. as I said in the original comment.
However, that tax is less than the amount lost since December. As I said in the original comment.
No it is not. Tax rate is ~20-30%. Market has dropped 10% since November. What is this batshit advice?
Just move it to stuff that guarantees 40% plus. 2ez. git gud. /s
Removed by mod
So your 401k is just a single fund and that’s it?
That sucks bro