Amarin Corp Plc (AMRN)

[sts66]

You converted your 401(k) to cash!?! Why on earth didn't you roll it directly into an IRA - you're not supposed to touch that money yourself, it should be a direct transfer between the two brokers.

https://www.bankrate.com/retirement/401k-rollover-guide/

After setting up the IRA, you are probably going to be asked to contact your 401(k) administrator.

You will want to select a direct rollover.

Takeaway: In a direct IRA rollover, the funds are sent straight from your 401(k) into an IRA without you touching the funds. It is important that you specify a direct rollover so that you don’t have the check made payable to you — triggering a mandatory 20 percent withholding for taxes.

I hope I misunderstood what you wrote, meaning you actually just sold everything you owned in your 401(k) to avoid the stock market crash - good on ya if ya did - exactly what I did in mid-2007, saved my retirement funds during the financial crisis, didn't come up for air until 2009. Speaking of which, make sure you do the rollover properly, your HR dept. should be able to help with that - and if I were you I keep it in your brokers MMF for now, I believe the market has another big leg down before it recovers, hopefully by Q4. I'm not bailing on what I own, especially not AMRN, but I'm not buying anything either.

Reason I said stay in a MMF or your broker's sweep account, which pays nothing, is because I put a relatively large inheritance into what was supposed to be a principal protecting ultra short bond ETF earlier this year, it had never varied more than +/- 20 cents from par, but the current crisis in the bond market has forced the pps down as low as -5% below par - that's not supposed to happen for ETFs, they should always trade at NAV, but bonds are toxic right now and I'm sitting on a 4 figure paper loss in something where it's supposed to be theoretically impossible to lose money while earning 1%-2%, same as a CD. Forced redemptions caused by investors pulling $110B out of ETFs and mutual funds caused the problem, the managers had to sell assets for whatever they could get for them regardless of how big a loss they had to take - the ultimate buy high sell low kick in the pants. Needless to say, the second sanity returns to the bond market and that ETF gets back to par, I'm selling it and will just sit on the cash until I decide the smoke has cleared.