Resist the urge to abandon the market: your 401(k) during the coronavirus pandemic

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Resist the urge to abandon the market: your 401(k) during the coronavirus pandemic investinyou (In partnership with acorns.)

It may feel pointless to sock money away into an investment account in a wildly swinging stock market. You also might think it's better to snatch out what's already there. But the market always comes back, experts say — and the company-sponsored investment account is still your ticket to a solid retirement.It's natural to be anxious about investing.

Then say to yourself that it's a long way off. "Young people have 20, 30, 40 years to make back what's happened," said David Blanchett, head of retirement research for Morningstar Investment Management.You may think fleeing the market is making one decision, but it's really two: when to exit and when to go back in.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

acorns China toxic virus is not the enemy, only a weapon in this war. It’s not Fed$ propping up the market & bailouts to the usual suspects. It’s your life’s work tax$. Smart$ got out as dumb$ sells this back to test 2008?

acorns Get your 401k to safety. I have lost nothing because I moved mine 3 months ago with stocks being so overvalued. I will go back into stocks when S&P hit 2009 lows. Not anytime prior.

acorns

acorns The market is BROKEN! Please re-tweet this so we can abolish the FED NewYorkFed and return to free market capitalism

acorns What is wrong with CASH IS KING on the sideline until CoronaVirus dust settles with 401(K)? Continuing to push: may miss the rebound is IMO just not right?

acorns Is the another way of saying 'buy the dip'?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines