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I pulled all my retirement out of the market and into the low interest long term securities index.
I'll move them back before midterms when the market is still low.
I was too young for it to effect me back then, but I remember what the 08 crash did to peoples retirement accounts.
You're American? Can you do the thing you described without getting taxed?
Yeah, moving from one fund to another is untaxed, it's like a 401k, but what the feds and military have. So your mileage may vary.
But 401ks are basically the same, various different funds you can park your money in with varying levels of rates of return.
One is almost always just stuff like 30 year government certificates, so it will always give ~1% rate of return. Then a couple more where the fund gets more volatile.
So in a normal economy people carry a mix (or automated mix) that starts out incredibly risky, and as you get closer to retirement becomes more conservative with lower risk and lower rates of return.
But if you think shit is going to go south, you change funds to mitigate risk. If the risky funds bottom out, it's possible to "buy back in" when it's lower than what it was when you changed because it's based on "shares" in the overall fund. Then when the market eventually normalizes, the shares would be worth about the same as before the crash, but you now have a lot more shares.
So basically I just shortsold the entire US economy.
Disclaimer:
Doing this late at either move can cost you money too.
That sounds pretty liberating. I'm investing by buying ETFs and if I'd like to move my money from one fund to another I'd have to sell and pay 30/34% tax for the winnings.