Quote:
Originally Posted by Ed_The_Gypsy
If this is your retirement pot, stop reading the newspapers and stop watching the news. "Don't just do something, stand there."
I am serious.
I have not backed out of stocks, and my IRA is up about 40% since Feb, even after I had to take money out (out of work). If you like your asset allocation, stick with it or rebalance to what is was a year ago or so.
You haven't lost anything until you sell it.
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That sounds like a sound advice. Divide your investments into 3 buckets - one ultra safe investments to fund 7 years of expense, another one for moderate investments (i.e., mixture of conservative stocks and intermediate bonds) for a duration of 7 years, and the final one for risky investments, i.e., REIT, commodities, private equity, emerging market funds, etc. With this approach, you can ignore short-term ups and downs.