Submitted by RelevantToTheNameOf t3_z85z8c in personalfinance
Werewolfdad t1_iy9x1t5 wrote
You shouldn’t be timing the market.
> would like to be a bit more active in managing my retirement
Given your question, that’s realistically the last thing you should be doing.
Investing guidance: https://www.reddit.com/r/personalfinance/wiki/investing
401k fund selection guide: https://www.reddit.com/r/personalfinance/wiki/401k_funds
RelevantToTheNameOf OP t1_iya3gm9 wrote
Thanks but I'm not looking for investment advice.
Werewolfdad t1_iya3r3n wrote
I mean, if you can't figure out what mutual funds are, you certainly should be
RelevantToTheNameOf OP t1_iya5kfc wrote
I don't appreciate the snark. I can have a view about the economy and the market direction. Maybe I won't have sick gains but why would it bother a commenter on Reddit if I don't know certain details about a specific retirement plan?
Werewolfdad t1_iya8e7e wrote
Because I want you to be richer
RelevantToTheNameOf OP t1_iyaha9k wrote
This is one thing I don't like about reddit.
OP: "Guys, what's the best way to peel an apple?"
Commenter 1: "You shouldn't be peeling apples."
Commenter 2: "Have you tried peeling bananas? They're a better choice."
Werewolfdad t1_iyai2ft wrote
I mean this one this is more like “I don’t understand Texas Hold ‘em, should I bet $50 or $100 per hand?”
And the answer is don’t Texas hold ‘em because you’ll lose to the professionals
MikeWPhilly t1_iyannxf wrote
I think you are missing his point. It’s more like:
OP - I want to protect my money.
Commenter 1) - Keep investing
OP - I don’t need investment advice.
Commenter 2 - You do need investment advice since you can’t figure out the safe funds which are specifically labeled. I.e. Mutual funds. This is literally a 10 second google.
OP - I just want to protect my Money
Commenter 1, 2, 3 - Keep investing you already took a huge amount of pain.
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