I keep up with most of the dumpster fire that is current US news but I’m sorta lost on this one. I contribute to my 401k every week and have a few thousand saved up, as well as stock in the company I work for. Is all of the bad news referring to the stock market crashing? Is this general across the board or more company-specific? I consider myself decently politically educated but not so much economically.

  • mesa@lemmy.worldEnglish
    23·
    5 days ago

    The best time to buy is when everyone else is losing their ass. This is the best time to buy, unless it isnt and the entire market dies.

    I remember 2009-2010. It was much worse than this right now. The trick is keeping your job in this market.

    • litchralee@sh.itjust.worksEnglish
      5·
      5 days ago

      This 100%. The other comments addressed the “should I withdraw?” aspect of OP’s question, but this comment deals with “should I stop contributing?”. The answer to the latter is: no.

      The mantra in investing has always been “buy low, sell high”. If the stock market is down, continuing your 401k contributions is doing the “buy low” part.

      • mesa@lemmy.worldEnglish
        4·
        5 days ago

        Appreciate it.

        If I was the one doing the buying and selling, I would definitely be doing sell low buy high lol.

        I was lucky and lost some minor $$ in bitcoin back in the day. Now I just put it all on automatic. Index funds with monthly/biweekly deposits are the best for me and mine.