3 ms·
> If you haven't already, put your retirement into bonds and hold on. Are you advising to sell equities right after they've taken a beating? Sounds awfully clo
by wincent 7y ago
> If you haven't already, put your retirement into bonds and hold on.
Are you advising to sell equities right after they've taken a beating? Sounds awfully close to "buy high, sell low".
- kazinator 7y agoWell, "nick checks out", at least. :)
- creaghpatr 7y agoDepends on your retirement horizon, but if it's inside of 5 years the investor should have already tamped down the risk profile.
- allovernow 7y agoIf you look at the 100 year history of the DJIA, there's still a LOONG way for it to potentially drop. It's about minimizing risk. Those with high risk tolerance I would advise to buy now, but be prepared to lose everything. If you're close to retirement you lose nothing by pulling out now.
- the_gastropod 7y ago> Those with high risk tolerance I would advise to buy now, but be prepared to lose everything. If you're close to retirement you lose nothing by pulling out now. If your risk tolerance can't handle what's happening, your asset allocation was already wrong. Trying to "fix" that now, as a response to this downturn, would very likely be a mistake.