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as a financial illiterate stuck with a 401k, what do i do? (moist.catsweat.com)

submitted 3 months ago by originalucifer@moist.catsweat.com to c/finance@beehaw.org

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as many americans forced to run with a 401k because we dont know any better and its the 'path of least resistance' to a retirement account... what do we do in the face of a dying democracy and economy?

id love to move it to some 'foreign' investments, but is that even a possible option? do i just hope and wait for stability to return at some point in the future or is it hookers and blow time?

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[–] Opinionhaver@feddit.uk 3 points 3 months ago* (last edited 3 months ago)

It’s too late to sell now. If you want to move your investments elsewhere, you’ll need to wait until they climb back to all-time highs - which could take at least a year or so. That said, not investing in the U.S. at all would be considered a poor financial decision by most informed investors. You’d be leaving a lot of money on the table, and honestly, kidding yourself too if you think non-U.S. mega corporations are somehow more virtuous.