Given the rough bear market of 2022, seemingly emerging bull market of 2023 and the rampant FUD calling for a major crash by EOY, I'm at a crossroads and considering reallocating my 401K funds to protect from downside. The YTD rally has been good and while I'm up on FXAIX / SPY ( 16.1%), I'm finally about break even on my growth index position ( -0.64%). Looking to see general opinions on where you think the market is moving towards on a mid term basis (3-5 years) and why. Market has recently took all negative sentiment as a buying opportunity, but will it last and with with CPI coming up that is expected to show inflation coming back, do you think this is the final push before a multi month/year downturn?
Currently, my 401K positions in Fidelity are 20% FNBXX (Money Market Fund Class K6) cash, 40% FXAIX (SPY), and 40% VIGIX (QQQ).
[link] [comments] https://www.reddit.com/r/stocks/comments/13baeys/401k_investment_positions_for_2023/
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