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Taking8ackMonday t1_iuajvvt wrote

My friend, I think you misinterpreted the advice in the other thread. Don’t cash out your 401k to move into I bonds. BUT they are not a bad strategy if you have fully funded your 401k, IRA, and have an emergency fund.

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financelg OP t1_iuak007 wrote

Yeah my 401K is anything but “fully funded” 😞

edit: so basically I just want to start doing whatever gets me the highest returns now short of me sitting in front of stock tickers all day, because I’m definitely not educated or experienced as a seller

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Rave-Unicorn-Votive t1_iualhpp wrote

> whatever gets me the highest returns now

Why, are you planning on cashing out your 401k before retirement? Broad index funds or TDF, done. It's a retirement account not a gambling pot.

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financelg OP t1_iualqps wrote

If you look at my last linked post I stated that I’m no longer entertaining emptying my 401K

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Rave-Unicorn-Votive t1_iuam8xf wrote

But you're looking for the "highest returns now". Don't chase returns, nothing recommended for long-term retirement savings has high returns at the moment.

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Taking8ackMonday t1_iualtlf wrote

Of course you have to make the right choice for you, but my opinion is you shouldn’t start diving into high risk investments until you have a really thorough understanding of the market and it’s risks/rewards. 401ks and IRAs are examples of investment vehicles that are safer and easier to understand.

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ThrillSeekingDoggo t1_iuanojx wrote

Also the expected value of money allocated to a 401k or IRA is always going to be higher than money invested through most other avenues simply due to the diversification available and the tax advantages. It's as close to a guaranteed "good" future return as you can get outside of social security.

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