

Obviously the ultra wealthy can really abuse this.
But if you are in a position where you can put money into a 401k? You will, “benefit” from this because the investment firms using your money are taking advantage of this. Whether you come out better than the massive losses that you have had lighting up your email (because this was the BEST time to turn on all the LLMs to let us know what is happening to our investments and why all these companies are down on a given day…) is questionable but… it is also questionable whether the ultra wealthy are actually benefiting either. Since you tend to not become an 0.1%er without a LOT of investments.
Now, whether there is any form of long term stability is a very different question. Which is kind of “great” for getting across the point that: Either the market will stabilize and your 401k/pension will have value or we are all fucked.
Buying the dip works until it doesn’t.
But a “safe” thing to do? Just continue what you were continuing, if you are able to. The idea is to not say “I can buy some nVidia stock!” and to instead just continue making your contributions and getting your matching from your employer.
Long term… yeah. But if there is a future, that is how you don’t end up up shit creek without a paddle.