Ever notice how your stomach drops.
The second a warning light flashes on your dashboard.
You don’t ignore it.
You know something needs attention.
Or the attention of your favorite mechanic.
Your 401(k) did the same thing.
And individual 401(k) investors constantly hear “do nothing.”
Here’s my spin this investment advice:
What if you do nothing and it turns out to be an expensive 401(k) lesson?
You run the risk of repeating past 401(k) investment management mistakes.
Ignoring the current stock market risk.
And the poor 401(k) mutual funds you own now.
Trying to time the stock markets is impossible.
But pretending stock market risk doesn’t exist now is reckless.
Understand the stocks you own in your 401(k) mutual funds.
And the stock market sectors underlying those stocks.
Do these stock and mutual funds still make sense for you now?
If you can’t answer that with 100% confidence.
That’s your 401(k) check engine light.
Don’t ignore the current stock market warning.
You will live with the 401(k) consequences for years to come.
Interested in an alternative to “holding on” in your 401(k) now?
If so, let’s get a connection started here.
P.S. 401(k) risk doesn’t disappear because someone on TV tells you to relax.
