Trading in 401K is nice

in #trader401k8 years ago

I am interested in becoming financially Independent.
I started investing in gold/silver in 2016 but as you know recession never came and these metals didn't appreciate much. The other option I found was to create a brokerage account in 401K to get company match. It's free money folks. So you suffer 33% drop in portfolio without loosing your money.
And there are no taxes if you trade!!!
I plan to be a millionaire during the next recession

Sort:  

if you want to be a millionaire following the next recession you have to make sure that you have some cash on hand to buy equities when they are cheap. So will you just sit in cash until then or will you invest now and sell when the market is high so you have cash. How will you know its the right time to sell?