I have friends who are panicking over the stock market & their 401K. Don't panic. The only people panicking are the traders/hedge funds/ and insiders who never thought it would happen to them.
If you have a long retirement timeline, then keep funding/buying in AMERICAN Mid to Large cap stocks with a long and solid financial track record that pay DIVIDENDS.
Small Caps are riskier, especially in Biden's Admin (Enemies of the U.S). Only the strongest will survive the cost pressures.
Emerging markets, Socially Responsible Funds, and Timeline Funds are garbage. As we speak, rotation out of low quality stocks, funds, & bonds, even in Eurpoe, and into US Treasuries is taking off.
U.S domestic markets are HOT, even with a complete criminal imbecile like Joe Biden.
Something to learn from this stock market down turn is the common sense understanding of what is a speculation & what is an investment.
A company stock that pays you a dividend in return for your monetary investment in that company is the first step. At least they are offering something for something.
Even junk bonds like Carnival Cruise Line are giving investors a high yield for investors who take a gamble on their company.
Some speculations are better than others though. Amazon for example. A trillion $$ company is hardly speculative, even if they don't offer a dividend. It's an obvious winner.
Like everything else, if it sounds too good to be true, it probably is, so checking the company financials, like EBITDA & Net Profit are 2 good clues. Above a 5% Net Profit is a good start.
What's the common speculative stock example? Peleton. How'd that work out, no pun intended. Crypto is the ultimate speculation because it has absolutely no financials, produces nothing, has no employees who pay taxes, and pays no taxes.
It's called "dark money" for a reason but it's not even a "dark company". How the hell do you "invest" in a math equation? My sides.
For reference, I'm posting the ultimate sucker sales pitch in the form of a commercial. The fat, obnoxious, greedy, and dumb as fuck woman is who they are targeting & laughing at.
Those are the retail crypto "investors" who just had their asses handed to them. This is what they think of you people. Don't be like the woman in the commercial.
TTYL, MC.