My take is the risk in the stock market, beside Democrats ruining it all, is the inflation of the stocks you hold beats out the stocks Democrats put out of business.
I left most my old 401k alone because the service fee was $0.07 per $100, where it is usually $1.50 per $100. I also had some roll-over, but I am a long term bull, being if Democrats ruin it all, we are all going to be mad and poor.
When Herr Pelosi was elected as Queen of America with Reid as her best buddy, I got out of the stock market and sold every mutual fund we owned with the exception of two.
We invested the proceeds in AAA bonds, cds and ETFs with stop loss orders updated weekly. My wife stayed invested in her 401k.
In May 2007 the first Pelosi/Reid market hit came, and every ETF we owned except GLD and SLV hit the stop loss orders. We were on vacation and could have lost a lot if we were still in the market. My wife took about a 15% hit with her 401k. She stayed in the market with her 401K until the next 10% hit came. That happened a few months while we were on a cruise to Alaska. When we got back, she told me to get her out of the mutual fund selections and to go to a treasury fund. She basically rolled most of her 401k into her Fido Ira a few months after that. She was over 65.
According to Fido, in the past 3 years, we have averaged about a 10% growth rate from year to year.