Editor’s Note: This is an updated version of a story that originally ran on August 29, 2022. Stocks and bonds are trading in bear territory. And given current circumstances, it’s fair to assume the markets will remain volatile for awhile. Interest rates are rising quickly in the US and Europe amid government efforts to tamp down rampant inflation. Recession fears remain. And a steep drop in the British pound coupled with rising UK debt costs is causing concern.
“But the key to 401 success is consistent and ongoing contributions. Continuing to contribute during down markets allows investors to buy assets at cheaper prices, which may help your account recover faster after a market downturn.” If you can swing it financially, Wilson even recommends boosting your contributions if you haven’t already maxed out.
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Don’t let this distract you from the fact that Byron and the broad in office are planning to destroy this country. We’ll, destroy is an understatement, gang bang the economy is a better term
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