Msg. 12359 of 60008 (This msg. is a reply to
12358 by
Zimbler0)
Jump:
IMO....This GME thing is causing a huge derisking across the market....i moved all my 401k stuff to the sidelines...i believe it could get ugly. but what do I know?
There is no need to thank me for this valuable information: I'm doing it as a public service.
Hmmmmm . . .
Lots of red ink on my printout now.
My 401K went down about 2%. The non-401k seems to have held its own . . . But some dividend checks and a $1000 purchase all added to its total. Along with that $600 'covid-19 relief' check. (And retirement moneys.)
12 individual stocks went down . . . While 5 went up.
Municipal bond funds went up, while the corporate bond fund held steady. All the stock funds in the 401K went down.
I wonder how much, if any, of that was the fault of the game stop debacle . . . Or is the 'smart money' diving into municipal bonds?
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