You are still okay. I have taken some hits in the last couple of weeks too and I’m 33. The majority of my portfolio is also in higher risk investments. Personally, I would say that your investment choices are fine, but in all honesty, only you can decide how much risk you […]
Written on Thursday, July 17th, 2008 by genarobest :: 0 comments to this post
You are still okay. I have taken some hits in the last couple of weeks too and I’m 33. The majority of my portfolio is also in higher risk investments. Personally, I would say that your investment choices are fine, but in all honesty, only you can decide how much risk you can stomach.
I would say that as long as your still in it for the long-term, you shouldn’t worry about the downturn too much. It probably will continue to get worse over the next 9 months. You can put your money into a safer investment, but I wouldn’t recommend it . That type of maneuvering is called market timing, and there are dozens of hypothetical simulation to show you that market timing doesn’t really pay off, because most people never time it correctly.
My personal recommendation…just stick it out and try not to look at it too much over the next year. The same thing happened to my investments in 99/2000, and it was frustrating to watch, but my portfolio is better for it today.
Post Comments Here » 0 comments to this post
Check the Categories below for more on 401k Investment?
More from Uncategorized(t) Categories
« (FOR MILITARY MEMBERS)- What are some tricks, techniques and tips you have for your gear? (see example below)? :: I have a severe urine infection…..the pain is driving me mad!? »
