Is it time to invest my 401k or is this a Bear Rally? 401k investing can be quite confusing for a new investor. Today we are going to make some sense of this big bad bear stock market. Is it time to invest your 401K? Or will this market keep going down? Here is the thing that you have got to realize…
It looks like a bottom may be here, but remember we don’t speculate, we observe and let the markets tell us that we have found a bottom. It depends on what comes out over the weekend but we may be looking at a significant move next week.
As investors we only get into the markets when they are trending up. We do not know how deep this recession will go. The worst advice given (not that I am giving investing advice, because I don’t do that), is that you should buy on the way down. If you want a guaranteed way to lose money, then do just that.