Have you checked your 401k lately?

Israel
April 6, 2025 11:59am CST
I am afraid to look online. I feel very unsafe about the monetary situation. I heard from a friend that hers went down by $6000. This is very worrisome. What do you think about it?
2 people like this
2 responses
@porwest (98972)
• United States
7 Apr
I think nothing at all about it. Sure, it stinks in the short term, but the keyword here is short term. The stock market has only ONE ultimate direction. Up! We've been down this path hundreds and hundreds of times, and the one thing that remains constant is that markets always recover and always end higher than where they left off before the next fall. The absolute best thing someone can do right now is to increase their contribution amounts and do nothing except sit it out and wait. The REAL money made in the stock market comes from periods of drops. Not when it's up.
1 person likes this
• Israel
8 Apr
That would be fine, except if a person invested in a company that goes bankrupt now, because of the tariffs. That money would be long gone by the time the stock market would possibly go up again. Be careful about where your money goes. If you had invested in Tesla now, I would be worried.
2 people like this
@porwest (98972)
• United States
8 Apr
@lifecoachjerusalem Tariffs will not bankrupt a company. If you think that, you don't know how tariffs and taxes work. That's okay. MANY people don't understand either. As for Tesla, you can't valuate the company based on a political reaction. You valuate it on what the company is actually worth in the long term. Did the Dylan Mulvaney controversy bankrupt Anheuser-Busch? No. Did it take a short term hard hit? Yes. But overall, what makes a stock go up or down in the long run are the FUNDAMENTALS. Your comment makes me also think you aren't too familiar with how the stock market works or how business works or what drives profits ultimately either. That too is okay. Many people don't understand that any more than they understand how tariffs and taxes work. The reality is that in 400 years the stock market has never once truly EVER lost money.
• Israel
8 Apr
@porwest I hope that you are right, I was just reading this article, -stock-market-crash-1929-preceded-great-depression.asp#:~:text=The%201929%20crash%20was%20caused,world%20due%20to%20the%20war I hope that it won't get so bad as what happened in 1929.
https://www.investopedia.com/ask/answers/042115/what-caused
1 person likes this
@jstory07 (143252)
• Roseburg, Oregon
7 Apr
Mine is ok I just checked it. It is a retirement account that I do not put anymore money into it.
1 person likes this
• Israel
8 Apr
I am glad for you. Keep watching and if you can get advice if there is something that you need to do to keep your money safe.
1 person likes this