At the moment I am investing 50% of my income into my 401k with the intention of maxing out for the year, but I was just thinking that if there was a market crash, I am not sure what options would be available to me in order to pull out of the market (my company is using fidelity). Whereas if the funds were more fully under my control, I could set stop loss orders and/or immediately sell off so that my portfolio doesn't just tank in a week.
I know the conventional wisdom is to set it and forget it and max out the 401k if you are able, but since the world has been so strange lately, who knows what's in the pipeline and because of this it might be better to retain more control during this period? What do you all think?
Submitted September 08, 2021 at 05:59AM by porungas https://ift.tt/3E0FLdC
