Is anyone rich here?
I've bailed out on my investments from the market, can't take the bullshit any more. Goes down a thousand today because some guy wasn't hired, up 400 the next day because he found a job. I took my funds out, and laddered CD's a few months ago, and now I sleep well. May not end up making a lot but the principle is going to be there. My wife has a retirement 401 and I wanted to do that for her, but she was not sure (because overall it has done well). That 1000 point blast the other day shook her, so I'm looking to also get half of hers into CD's in her 401. We're in our 70's, and have been in almost 30 years, done fairly well for our blue collar bracket, so who needs the bouncing around now at this time of life..
If it were easy, or there were a set formula, we would all be wealthy.
Caveat emptor ! ....................... All that really matters, is right here.
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Yes,,,,when you reach your age,,,,you should consolidate into a safe investment if at all possible .
Do a little at a time,,,,,transfer the funds to safe and guaranteed investments .
Or do it around each quarter,,,,timed with the upside of the market
Yes,,,it won’t make much money,,,,but at least it will be safe !
Even in 401Ks,,,,they recommend to do this,,,,at least our fund did .
It said to go from aggressive or mild risk to safe ,,,,makes sense to me .
Because,,,,when the market goes crazy and drops badly,,,you won’t have enough time to recoup your money .
Tommy