The press laments destroyed retirements from the Great Recession and the pandemic.
How is it that my 401k is 68% higher than on 1-1-2010, (when all contributions stopped), my YTD return is 7.74%, and my one year return is 12.34% while only 50% of the account is invested in stock index mutual funds.
The answer is:
- Stay the course
- Don’t panic and lock in losses at market corrections
- Don’t take too much risk if you are close to or in retirement
- For most people, stick with index funds