Have a 401k that is losing value in current business climate. I'm thinking of moving money from stock into a safer investment but with less profit potential. What other options are there?
Yeah it a good move. Don't put your money at there collecting dust. I recommend you to withdraw the money and trade the forex market. Coz you can earn unlimited amount of money from there. Currently i'm earn roughly $200+/day by scalping the market around 1 hour
I think--and I say this as a CPA with a couple of master's degrees (one in finance) and twenty-five year of experience--that your first step is NOT to start moving your money around. Your first step, IMHO, should be to invest in more investment knowledge. I.e., if you've made a mistake in your recent investing, get smarter by investing in some learning. I would recommend three books: The Random Walk Guide to Investing by Burton Malkiel Malkiel is a finance professor at Princeton, one of the original champions of index investing for individuals, and a long-time director at Vanguard. Little Book on Common Sense Investing by John Bogle John Bogle funded Vanguard Group-basically the Costco or Walmart of mutual fund management companies. Unconventional Success by David Swenson Swenson is the chief investment office for Yale University's endowment fund and has a superb long-term investment track record. In this book, he explains why investors like Yale do so well, why you can't do so well, and what you should do about it. Note that you're talking about roughly a $50 in books and perhaps 3-4 Saturdays of careful reading. This investment would, if made in past, have saved you money and reduced your financial anxiety. Good luck