I was finally starting to save up money in a 401k for retirement. Then I got fired. Now the AI bubble is going to burst and nuke what little money is in my 401k. FML.
I’m trying to stick with it, and not pull a bunch of money out. If this is all just insider trading back and forth, my hope is it will recover over time and level out. (As that will be in the interest of the manipulators too.)
If it’s just a big crash, like 1929 style, then I figure we’re all fucked whether you have stocks or dollar bills or CDs or doubloons.
I was finally starting to save up money in a 401k for retirement. Then I got fired. Now the AI bubble is going to burst and nuke what little money is in my 401k. FML.
I’m trying to stick with it, and not pull a bunch of money out. If this is all just insider trading back and forth, my hope is it will recover over time and level out. (As that will be in the interest of the manipulators too.)
If it’s just a big crash, like 1929 style, then I figure we’re all fucked whether you have stocks or dollar bills or CDs or doubloons.
Nope, crashes are when they buy the poors assets at cents on the dollar.
Until it’s bad enough that the poors decide they have had it with the owner class,
You should roll over your 401K to investments you believe in.
Some of the big S&P500 ETFs (like VOO) have shockingly little exposure to AI relative to the rest of the market
Source? Interested
https://www.bogleheads.org/forum/viewtopic.php?t=472817
Also somewhat relevant: https://beatthecouch.com/