When is Enough ,Enough?

[Chico23231]

Originally Posted by SolidSnake84

Sooo, in other news the Dow is tanking again.

Will it make it to zero this time?

Someone said on here a while back that nobody was betting against the USA recovering, but i say look at the dow and that's exactly what is happening.

Can anyone give me layman financial advice on if it is time to pull my 401K out? I was told that under the CARES act, people can now pull out their 401K with no penalty to keep them from losing everything when the stock market dies...

Thanks

That last part isn’t exactly true. If you want less risk you can move it into stable capital, bonds, etc. but you really shouldn’t be cashing out. That’s just my advice. Expect a lot of up and down in market, but the event which could send the market thru the roof would be a vaccine announcement...your not gonna want to miss that.