I was listening to Dave Mortach on the local radio this past week while driving to work. He was talking about the markets and how everything/everyone he watches for trends is warning regarding this massive bubble we are in.
He was taking calls from listeners who are essentially stuck in their 401k and had to explain 3 times that they couldn’t take their money out without incurring tax and penalty if under 59.5yrs old. His advice was to look into your 401k investment options and move your money to the ‘safest’ available option within your fund. And then basically hope for the best to weather this incoming storm.
Mortach was saying that the 4 indicators and advisors he watches/reads are all indicating a crash worse than 2008 and one saying it will be worse than 1929. People are likely to lose 50% value (again) in their 401k.
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