- Apr 5, 2010
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And IF you were 50 when the stock market crashed and you lost 50% of your entire lifetime 401k savings, what would you do? What would be the best thing you could do?I took about 25% of my 401K and pushed it into an overseas fund late last year that has been doing well. Is anyone thinking along the same lines, that being foreign stocks and markets will outperform the US markets this year?
At age 42 all i do is keep 5% in bonds, rest is stocks and mostly US stocks, with about 12% in a Euro/Pacific Fund.
Still young enough that a market dip/crash would actually be helpful as I could get more shares for less $$ every pay period.
Not going to change anything till I'm around 50.
Keep working. I work in Engineering, as long as I keep my marbles I can work until they wheel me out feet first.
Even in a big crash you would get a recovery within 5-6 years, at 50 I'd be able to wait for that recovery to move funds to bonds/money markets/dividend funds.
Plus for those years of recovery I would be getting Shares on the cheap.