Back in 2008/2009 I received a lot of questions from employees about what to do with their 401k plans.
I suggested they (1) not move money out of the equity funds and (2) continue or start investing in equity funds. Most panicked and move funds out of equity at the lows. All those who did locked in their loses.
Here we go again.
If you panic now and start moving out of the stock market, you will again lock in your loses. For my part at age 72 and already retired I am moving a little more into equity … and I’m a very conservative invester; actually too conservative.
Time is your friend. If you are not sure, ask a professional for help.
What are you doing in these turbulent times?