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US ready to dump trump
- Thread starter nightsafari
- Start date
Ok, 21% directly own stocks, but this figure was since 2022. It could be more today.
Anyway, even those who own via 401k (which is up to 58%), would also be affected as the value of their 401k will dip when the market dips as well. This is especially critical to those above 60 who may want to start making their withdrawals to complement their retirement expenses. Even if they have the holding power, it may take a few years to fully recover, and this is also not a guarantee, pending on the fund managers' choice of stocks. Those invested via mutual funds would be even more affected since their redemption is not restricted by age.
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Markets go up and down and every negative swing will be followed by a positive swing. We are talking months not years.
In addition managed funds are invariably designed to smooth out the peaks and the troughs. For example I have a managed retirement fund that has dropped a mere 2% despite major markets moving more than 5 to 10% over the last few days. That's what the fund managers are paid to do.. cash out when necessary and buy on the rebound.
Overall my fund has managed 8% growth since inception in 2020. I'm sure the 401k of most Americans will show a similar trend.
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