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You can hedge with PUTS, move into precious metals, put your money in CHF, etc. There are all kinds of ways of maneuvering financial turmoil (albeit, sometimes with non-productive assets), but it really depends on your risk outlook, and as we all know, we're bad at predicting the future.

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>You can hedge with PUTS

Alas can't - employer prohibits any use of derivatives.

Plus my last adventure down that lane didn't go great. (Some big wins, some big losses and a realisation that I better leave things I don't fully understand alone - like the options greeks).

Of course you have to do whatever makes sense for you, but nothing is stopping you (or anyone) from spinning up a Fidelity account and hedging against whatever is driving your 401k, etc. Portfolios don't have to exist as monoliths.

> Alas can't - employer prohibits any use of derivatives.

What kind of employer is that?

Employers often block you from trading derivatives of the company you work for, but how could they have any say on other stocks?

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