I watch all these videos from mega rich guys telling me the markets will crash by the end of September. Think it will happen?
I'm gonna let you in on a little secret:
they have no idea what the market will do. Nobody can accurately and repeatedly predict the short-term market movement--if they could, they'd only need 3 or 4 exactly accurate predictions to make themselves so wealthy that, by comparison, Warren Buffett would look like a pauper.
Speaking of Buffett, my favorite thought on this topic was when he was once asked what he thought the market was going to do. His response? "It will fluctuate."
At any given time, there are extremists who are loudly predicting a market collapse. At the exact same time, there are others who are loudly forecasting incredible market growth. This is a constant phenomenon, month in and month out, no matter what the market is doing at the moment. Successful investors ignore all this white noise and simply continue to intelligently put their money to work for them. In the long run, owning profitable businesses always pays off.
If it does, should I move my money out?
In general, converting your investments into cash (ie, selling) invariably leads to long-term losses compared to leaving your investments alone. Timing the market is an impossible fool's errand, because we cannot accurately identify the peaks or the bottoms until they have long passed. I've seen more than one study which has shown that missing only the best 6 or 7 market days of the entire year can cut your yearly performance by more than half.
Now my 401k is still tied into my old employers plan. I've been told I should move it out of there anyways. So now may be a really good time to do that.
Depending on what holdings are in your 401k , you may be able to open an account at a new broker and do an in-kind transfer of assets. This would let you move your holdings to the broker of your choosing without actually needing to sell (or buy) anything.
Just a thought.