[quote=moneymaker]Another problem with waiting for a crash is do you buy real estate or stock? I’m not a salesman so I love the fact that I can buy and sell stock without any social interaction. As Robert Kiyosaki says a house is a liability. How many houses do you need? If I was Trump I would get rid of any housing tax breaks that multiple home owners are using, unfortunately the only way to do that might involve getting rid of mortgage deductions altogether, which I would not be for. I’ve had really good luck with stocks but am not currently a holder, I have a house so I’m good there too. Currently putting excess money into 401-K (ok I guess I do really own stock sorta) but have no idea what is coming economically down the road. When my crystal ball clears I will post again.[/quote]

I don’t think subscribing to either ends of the fridges of uber bear or perma bear really helps one meet one’s financial goals. It’s more of a emotional decision, with subsequently looking for facts to somehow support your emotional decision. At least, that’s what I learned with the my fiasco of pulling out my 401k on the eve of the trump win. I never touched my 401k before…And had I just left it sit all alone as I’ve always have been, it would be been better in the long run anyway….Even getting back in 70% in January in conservative index splits between domestic and international, it’s done 7% this year, which isn’t bad for a set it and forget it thing…

I’m not touching my 401k again. I have other investments that I can touch and try to manage ( and fvck up…). And I don’t want to camp out in the most aggressive investment options in my 401k anymore… Like I said, why take unnecessary risks if your financial goals can be met with lower risk things? Most financial advice Ive seen mentions that as you get older and closer to retirement, you should be rebalancing your holdings to assume less risk (and I guess since risk goes hand in hand with returns, have lower returns)…because you have less time to recover if things do end up in the crapper.

Also, I’ll retire when I’m no longer employable. Fundamentally, I like to work and like what I do.