Am I being set up?

Over the course of the las 3-4 months I've noticed the company in charge of managing my 401K retirement plan has been slowly moving my portfolio into equities away from bonds 5% each time I check (every couple weeks). This strike you as normal behavior (they've never changed my allocation away from where I set it like this before in the 9ish years I've had it.); or is this some fuck the little guy tactic I don't understand?

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Can someone stop shilling their bags for 2 seconds to help an user out?

They are afraid people will pull their money out if they underperform, so they are mlving into equities to chase yield.
When the market crashes you'll lose more with their allocation, but theyd rather be wrong with the crowd than stick to sound management and watch their clients disappear.

Could it be that they're rebalancing as equities dropped?

withdraw money and manage your self. Or invest in gold/silver.

For instance assuming you wanted to have an allocation of 50% in equities, 50% in bonds. If your equities lost value and it became 40% equities, 60% bonds, would they re-balance by selling bonds for equities until you were back at 50% equities %50 bonds?

Bond yields are low, equities are providing better yields. A fixed bond rate will get destroyed by inflation, whereas stock is an inflationary hedge. If usd goes full yen, the value of a companies equities will go up in perportion.

What retirement company is it?

I have a set of those

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Makes sense and in the vein of what I was afraid of. Figure 100% bonds will be a safe harbor in case things get a bit fuckey.

Long term if there's anything left after repaying personal loans that have kept me afloat this long that is the plan - Do you think gold and especially silver has much upward movement left. I have my own opinions on pm's just curious what you think.

Empower

So you're thinking the allocation % is a reflection of cash value allocation rather than units of bonds/stocks? Possible but when we hit the 'dip' my allocation reflected the same %, it wasn't until afterward the ticker was moving by 5% and always 5% each time I'd check.

Sounds like you don't expect wave 2, unemployment, etc to cause another panic in the meantime? I fully expect to liquidate my holdings to cover debts, living expenses, and have cash on hand to take advantage of the SARS penalty forgiveness before the end of the year.

Take a look in one of the PMG (precious metals general) threads.

PMs have massive upside.

(OP) meant for

Agreed, I've always got my ear out for private sales. When I'm not leveraged into debt that is.

Haha cool, OP is just pfa I found. Did you find the series well done?

Why even put in 401k, why not put it in LINK ETH or BTC if you don't want crypto just traditional market like what the fuck

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All in on GDX, GDXJ

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I hear ya, cash will be pretty much spoken for at this point. I only invested when bama' admin was kicking down a couple hundred bucks as an incentive for investment, didn't even get company match out of it.

Gold miners and juniors? unfortunately not an option through these guys or else I'd've done that back in March/April.

I dunno, I can’t read.

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Sounds like a quarterly rebalancing in a traditional 60/40 risk parity portfolio. How much control do you have? As bond yields have plummeted, that pushes bond prices up which means it will be rebalanced into equities.

My condolences

Beginning of the year I had it distributed at 80/20 (bonds/equities) crept from there like I'd mentioned - with everything going on I just put in to go 100% bonds in case the market gets spooked and takes another dive. Be pretty pissed if my holdings evaporated right before clearing out the account - just want to protect my holdings between now and then, if I make a couple bucks cool. Sound reasoning ya think?

Thanks, but yeah not bad, depressing parallels between Rome (east/west) and the British empire (UK/America).

If you've got nothing better to do any interestting examples specifically come to mind? On the bright side at least we have a pretty good indication of where we're going and how we got here vs thinking we're untouchable and having nothing to inform us otherwise.

Applied for a covid-19 hardship withdrawal three months ago and it's still pending

Empower piece of shits

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Fugg, no LARP?

well it wasn't for me. It was for my mom. It was a 401 from an old company she stopped working for over 10 years ago and we're not sure if that company still exists.

Kept calling Empower and they said they need permission from her former employer (that may not exist anymore). What the fuck

Hopefully my situation isn't as bad though I've been detached for 2+ years and at least a couple of the higher ups are the ones who got me fired... That adds a definite wrinkle, sure glad I started this thread. My interactions communicating with Empower haven't been exactly impressive - can't fucking win. thanks for the heads up user and good luck getting em' moving on it.