401k - If stock recovers today - Should I sell everything & pay penalties?

[brandon]

The stock market has been flat for the past 11 years. (With a few ups and downs.) The 70's were pretty bad too.

Ok well I guess "killing" can is pretty subjective. In hard numbers, even with the past flat decade and the 70's, they still made an average return of about 6.7%. That means if you have $760 in 1971 it's worth $11,000 now.

Looks like as of now gold would have outperformed the market. If you bought gold in 1971, which happens to be the year we went off Bretton Woods, you would have made an average return of 9.5%. ($40/oz to &1800/oz)

 

[Danke]

Ok well I guess "killing" can is pretty subjective. In hard numbers, even with the past flat decade and the 70's, they still made an average return of about 6.7%. That means if you have $760 in 1971 it's worth $11,000 now.

Looks like as of now gold would have outperformed the market. If you bought gold in 1971, which happens to be the year we went off Bretton Woods, you would have made an average return of 9.5%. ($40/oz to &1800/oz)

Don't forget taxes of buying and selling stocks back then. 401ks came later, in the 80's.

 

[fatjohn]

Buy gold and silver, then go to some farmers you might know a bit, show them a coin and ask them how they value it. Some said to my dad, yeah I remember those, you´ll always get something from me for that.