this post was submitted on 08 Apr 2025
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Finance

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as a financial illiterate stuck with a 401k, what do i do? (moist.catsweat.com)
submitted 3 months ago by [email protected] to c/[email protected]
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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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[–] [email protected] 16 points 3 months ago (1 children)

Nothing. Wait it out. Don’t even look at your balance.

[–] [email protected] 10 points 3 months ago (2 children)

this is kinda where im at. it just feels gross to be 'investing' in america at the moment.

[–] [email protected] 6 points 3 months ago

Well you have a choice. Either diversified portfolio and that includes international. Or some tilt to it that reflects your values.

Keep in mind if you had a pension or an annuity they would be doing the same thing so both have portfolios. Just one is more direct and you have more control.

[–] [email protected] 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.