Originally Posted by
Excargodog
If you FAILED TO NOTICE the second photo which showed the Index 500 which demonstrates what an index of (duh) FIVE HUNDRED of the most prominent US companies including utilities and transportation and definitely DOES broadly represent the US economy and either didn’t understand that or didn’t notice it, I DO KNOW WHAT TO TELL YOU;
For the sake of your significant other and/or kids, let someone else, even if you have to pay a professional financial manager to do it, manage your 401k for you, so they aren’t having to support you in your old age.
Repeat after me: the stock market is not the economy. And the economy is not the stock market. It's tempting (and very common) to conflate the two.
Thanks for the tip on financial advisors. I can assure you I'm not worried about my financial well being. Although I will agree with you heartily that 99 pct of people should not be making their own investment decisions. All of our investments outside of our investment real estate portfolio are managed by people who ain't me.