Quote:
Originally Posted by Becca9800
See that's how ignorant I am, I don't even use the correct verbiage. I lumped it all as 'in the stock market'. I have to admit that I'm embarrassed. My aggressive retirement portfolio is 46.77% bonds, 27.47% stocks and 25.76% cash/stable value. Given that new info, what say you? Am I on a stable path to preserve my savings?
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I would not call that an aggressive portfolio. Not even close.
A general rule of thumb I have used is to use volatile stocks only for money you won’t need for 10+ years. Money you will need sooner should be more conservative.
What is going on in the stock market right now is gambling pure and simple. People aren’t investing in good companies with strong fundamentals, but in companies who’s stock price is skyrocketing. They are betting that they will sell before everyone else does. And, the ones who will win this game are not likely to be folks like us. People are getting second mortgages to buy stock in worthless companies. The bubble will eventually burst and people will wake up one morning with a serious financial hangover.