Getting out of stocks in January would have been smart. Now it’s kind of a crapshoot. it depends on how old you are and what you’re planning on doing with the money though. If you’re young it’s probably better to just hold your positions. If you’re nearing retirement you should probably already be investing a lot more conservatively regardless of the state of the market.
If you don’t have an emergency savings or you have high interest debts then it might be better to put your income towards that rather than the 401k, moreso the closer to retirement you are. If you’re young and have a safety net you should probably just keep putting the money in though.
Getting out of stocks in January would have been smart. Now it’s kind of a crapshoot. it depends on how old you are and what you’re planning on doing with the money though. If you’re young it’s probably better to just hold your positions. If you’re nearing retirement you should probably already be investing a lot more conservatively regardless of the state of the market.
If you don’t have an emergency savings or you have high interest debts then it might be better to put your income towards that rather than the 401k, moreso the closer to retirement you are. If you’re young and have a safety net you should probably just keep putting the money in though.