Obviously if it keeps going down, that’s bad. But it looks like it’s at a support level and still much, much higher than it was 5 years ago. (Using SP500 as a proxy for the market at large)
In: Economics
40 years ago I started a 401k when I quit that job I had 30,000 in it. I rolled it over into a plan in my name and never looked at it, never added anymore money. Most years I never even looked at the statements. I now have over 100.000 in it. If you just put your money some place sensible and don’t touch it, it seems to work.
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