No. of Recommendations: 2
mstrlucky74,

You wrote, If I know/think(lol) that the market is gonna drop significantly is there a way I can protect my 401k from taking a beaten? Sell and buy some other fund etc? Thanks

As I see it, you can:

1. Move into cash / money market,
2. Move into a defensive / contrarian investment, or
3. By puts against a market index (this is similar to buying insurance).

Personally I'd be inclined to move some of my riskier assets into cash and look for contrarian opportunities while everyone else panics...

You can also just opt to ignore the drop, but that isn't a protective strategy ... even though it might be the more successful one long-term.

- Joel
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