I have been really worried about all the stuff going on in politics and I really feel as though the economy is going to take a real bad turn soon. I just changed the investment of my 401k that was in a higher risk mix into entirely stable value fund with Principal. Is this the safest way to protect this in the event of a major recession. The amount in there now more than covers my mortgage if I pulled it out… this is why I want to protect it. I did not change the contribution allocation so if market does drop I’m buying cheap.
Is this a sound strategy assuming I am correct about the general economy?