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As sane of a suggestion that is, SPY index fund dropped a huge amount because the whole market dove. Not everyone can plan on suddenly missing 20% of their savi
by gleenn 2y ago
As sane of a suggestion that is, SPY index fund dropped a huge amount because the whole market dove. Not everyone can plan on suddenly missing 20% of their savings.
- ryandrake 2y agoThe people who cannot suddenly lose 20% should not be so heavily into equities. If you're getting close to retirement, your portfolio should be heavily things like bonds and treasuries.
- stnmtn 2y agoSo that reason is exactly why the person you're replying to said what they said. The OOP said: "If you don't know what you're doing stick to index funds, buy and hold." which is clearly not great advice unless you're under the age of 30
- claytonjy 2y agomoney that you need soon shouldn’t be in the broader market. for retirement savings, balance should shift to bonds or similar as you near retirement. same principle applies to saving for other large events, like a down payment on a house. decrease risk as even nears. no need to manage this yourself; every roboadvisor will do this for you rather cheaply