How is everyone's 401k doing?

[bics56]

@Bravada 442

I can agree more with some of the things you are saying here. The market is never a science. It is obviously a game where you have to hope that you are getting in on the ground floor, but right now is definitely not the time to be getting in.

Near future will be a good time to buy, but in terms of long term retirement investments, “near future” can be a year or two away.

And really, unless someone is rocking a series 7, there is really no way for you to even be remotely accurate in guessing where this market is going to go. I’ve been getting ready for my 6 and 63 (because work is slow and I need something to do, haha) and they shouldn’t be bad, but fuck that 7. It would take a year of studying to take it. I’ll just go back to school thank you very much.

I see your point and agree…right now may not be the best time…but there are a ton of people who sell sell sell now then when the market comes back they buy…in the end they either break even or lose more money than they would have by just staying in. Like you said unless you are qualified or have been in the business for years you really don’t know whats going on…and my wife and her boss are have all their licenses and are experienced.