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If you're not yet close to retirement, what happens today in the markets will have almost no effect on what your portfolio looks like in 10, 20, 30 years. Makin
by blackearl 7y ago
If you're not yet close to retirement, what happens today in the markets will have almost no effect on what your portfolio looks like in 10, 20, 30 years. Making any big changes would be stupid. Maintain a diverse portfolio and basically forget it exists outside of maxing it out every year. This is especially true if you're lazy and have it all in something like a retirement target fund like Vanguard.
- strunz 7y agoVanguard retirement funds do exactly this for you, what are you talking about?
- blackearl 7y agoYes I mentioned Vanguard, and in fact have a good amount invested in their retirement funds. OP is saying to pivot based on recent news. Those retirement funds adjust on a scale of 40-50 years whereas OP is looking at a month of activity, possibly even just today's 7% drop.