Quote:
Originally Posted by Becca9800
I'm absolutely ignorant when it comes
to the stock market yet that's where all the money I have is nesting. It's in a 403b, encouraged and supported by my former employer. I'm w Lincoln Financial, with an Aggressive Retirement portfolio. I've not a clue. Please be kind now, I know I've been not too bright but I'm here now asking for your advice. So please be nice. I watch my value go up, and go down, YTD I'm up. It's all I have and it ain't much, I cannot afford to lose it in a crash. But I don't want to miss any gains either (greed, I know. It's a matter of knowing I'll need gain to be comfortable 10 years from now). I keep reading the market will crash soon and it frightens me. I need a financial guru to guide me. I've been to two advisors and received conflicting advice. Do I pull out or do I stay and run the gambit? What's an 'ol girl to do? Thanks so much in advance.
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First, I’d start reading everything there is about investing in the stock market. There’s no excuse for remaining ignorant of your investments. It’s so important that I would start learning immediately. You don’t have to become a broker just know what they are doing and whether it’s the right thing. Next, you should never be in an aggressive position if you’re over the age where
You rely on that investment. Whomever is your advisor is not doing right by you if they are still in an aggressive position now. That is just crazy. Please get wise and talk to a local person here who really k nonws how to treat senior’s money.