Market downturn hoping won’t save you

[Jon Sirkin]

The market sell off base only begun, I will call 1000-1200 Es who knows , we will will end up but loans are being canceled, this will be worse than 2007. If you are holding on not knowing what to do going to cash it a great option. Then just buy back in. Fear of missing out, holding you back. Cash in a 401 of anything will not be tAxed as long as it stays in”seek professional advice not a tax guy” hate being PC people need to take ownership of things go wrong market goes down, they blame the market they lost all there money. No ever said you couldn’t cash in profits. You own rental properties are you prepared for the economy if 1 or more of your tenets has a job loss. Things can get really ugly. If need buy etf SH is the inverse of the SP500, so you can hedge your long position. But either way things will get really ugly soon. Good luck with this year and the next I hope for a soft landing but not putting my head in the sand hoping all will just magically get better.