(09-15-2021, 04:27 PM)KingIngram052787 Wrote: It's interesting, for sure, but the information I get from the CIO at UBS seems to believe the S&P will hit 5,000 by the end of 2022.  Now, that doesn't mean there won't be a lot of volatility say later this year or when the Dem tax package gets passed, or that individual stocks won't take huge hits, but overall, professionals seem to see the market continuing to rise through end of next year.

I'm just going to let it ride, however, I'm in my 30s, so for me, it doesn't really matter as much.

For you being as young as you are I would suggest "letting it ride" because you will do better in the long term.  As far as "professionals" predicting the mark at the end of 2022, I wouldn't listen to that so much.  It may be right or it may be wrong, but nobody can really predict the future.

My best guess... and it is a guess is that there is going to be a major correction coming soon.

My advice is if you are invested in a 401k or similar look for a split between stocks and bonds/money market types of holdings.  If/when there is a major correction, your holdings will take a major hit, but over time you will do so much better if you keep contributing.  That split is up to you.  Typically leaning towards stocks is a bit more aggressive yet more risk involved.  Leaning towards bonds is typically "safer" yet less yielding.

One final piece of advice that I would give you.  Don't try to "actively" manage your 401k.  Pick from the few funds available to you and stick with them.  Keep contributing.  Over time it's going to grow.  My wife started with pretty much nothing in 2006 and retired this year with a pretty nice nest egg even after the crash in 2008.

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