Cramer suggests young retirement savers put '401(k) money to work' in this week's market plunge

  • 📰 CNBC
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Cramer suggests young retirement savers put '401(k) money to work' in this week's market plunge investinyou (In partnership with acorns.)

said on Friday investors with long-term horizons to retirement should now put money to work in this week's steep stock market correction.

"If you're in a 401, I know no one wants to hear this, but I think you have to buy. Buy some," Cramer said on "Cramer said he has 401 money on the sidelines so he's going to invest a quarter of it throughout the day Friday. "One quarter. Therefore, I'm expecting things could be worse Monday." "But what I am going to do. We have 10-to-1 negative" trading volume, he argued. "I don't have much choice. I think that those of us who have waited and waited and waited, we have no choice but to buy something."at Friday's open, adding to a tumultuous week in financial markets as fears intensify over the coronavirus' economic impact.sank another 4.4%, nearly 1,200 points, on Thursday for a total decline so far this week of 11%.

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 İE
 

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

acorns Keep far away from this Kanamit or else risk being transported to Cramerica and eaten.

acorns Heard a joke yesterday from a CEO CEO- 'There were ALOT of GOOD BUYS in the market today' ME- 'Yes, there were, I took the opportunity to load up' He continued 'yea, 'GOODBYE Vacation GOODBYE house GOODBYE new car' 😂🤣 Downturns/Pullbacks are ooportunities

acorns The clown of wallstreet 😂

acorns Yes Time to get busy, invest and Support tumblin markets ! They will bounce back ! As always...

acorns Buy low, sell high. Not timing the market, but time in the market. BuyingOpportunity

acorns Umm, guys?

acorns

acorns F that buy gold

acorns Millennials are gonna vote for Bernie and look for the freebies ;))

acorns Its always timing. Appl stock was down to 260 at todays opening and is already up near 280 Tim Cook is positioned for this bounceback

acorns Not all millennials do their homework before investing

acorns Ummm, hello...it's 409(k), amirite realDonaldTrump?

acorns Millennials are hesitant to invest in the stock market.

acorns Um if your in a 401K your already putting money to work! Just saying

acorns Hmmmm

acorns do exactly the opposite of what Jim Cramer says

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

401(k) investors dump equities after market sell-offAs markets tumbled this week on coronavirus fears, trading activity in 401(k) plans skyrocketed. Data from Alight Solutions show that most retirement plan investors moved money out of equity funds in accounts and into fixed income — despite the advice they may have gotten from their financial advisors. acorns best buy signal yet acorns Only people buying into this computerized organized crime ring WS has become compliments of equally criminally corrupt SEC are degenerate gamblers, not investors lol run folks, they have stealing your $ down to a science, it’s a rigged racket for select criminals who control all acorns Lol
Source: CNBC - 🏆 12. / 72 Read more »

Coronavirus fears spook stocks: Here's how to keep a cool head and protect your 401(k)U.S. stocks lost $1.7 trillion in market value over the past two days on mounting concerns the deadly coronavirus outbreak will further damage an already slowing global economy. May want to look at bigger return potential for this rocky market ride. $GRNF is a cannabis play poised to dwarf $acb, $tlry & $cgc. for more on this mega RM in motion regardless of coronavirususa. No worries. Do nothing it’ll be ok
Source: USATODAY - 🏆 100. / 63 Read more »

Coronavirus fears spook stocks: Here's how to keep a cool head and protect your 401(k)U.S. stocks lost $1.7 trillion in market value over the past two days on mounting concerns the deadly coronavirus outbreak will further damage an already slowing global economy. May want to look at bigger return potential for this rocky market ride. $GRNF is a cannabis play poised to dwarf $acb, $tlry & $cgc. for more on this mega RM in motion regardless of coronavirususa. No worries. Do nothing it’ll be ok
Source: USATODAY - 🏆 100. / 63 Read more »

How my stepmom changed the way I think about saving for retirement - Business InsiderMy stepmom said saving for retirement is about understanding that the money you're putting aside isn't yours — it belongs to your future self.
Source: BusinessInsider - 🏆 729. / 51 Read more »

401(k) investors dump equities after market sell-offAs markets tumbled this week on coronavirus fears, trading activity in 401(k) plans skyrocketed. Data from Alight Solutions show that most retirement plan investors moved money out of equity funds in accounts and into fixed income — despite the advice they may have gotten from their financial advisors. acorns best buy signal yet acorns Only people buying into this computerized organized crime ring WS has become compliments of equally criminally corrupt SEC are degenerate gamblers, not investors lol run folks, they have stealing your $ down to a science, it’s a rigged racket for select criminals who control all acorns Lol
Source: CNBC - 🏆 12. / 72 Read more »