I have real legit concern and question. Who is taking funds from 401ks and mutual funds or borrowing against them? If so how many people are doing this?
I realized that most people would just not touch investments and say they are in it for the long haul but this year seems really different from like 2008. I could see this happening due to huge number of layoffs and hiring freezes.
Also lots of people dying from covid and getting sick. Dealing with health care cost and bills as well as funeral bills of relatives and spouses. Inflation is sky high I'm seeing over $2 for a loaf of bread at the dollar general store.
These are reasons to get money out of the market.
The real estate market is over inflated and about to crash.
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