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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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Please talk to friends, ex-colleagues from work, and family to try and find an advisor you can trust. Then tell him about your market fears and give him all the information he needs to do his job (assets, income, debt, anticpated longevity etc.). Allow him to put together a plan and execute it. You can read along the way if you want to learn more about the markets. The plan will need to change over time due to changes in your age and market conditions. I'm 63 and have been with my advisor for about 20 years. At one point I thought I'd try and manage my assets myself but quickly learned I didn't have the stomach for it, or knowledge to do it. My advisor has talked me down several times when I wanted to cash out of stock funds (at the wrong times) and he's been right every time. Also, please ignore opinions found here on your asset allocation. Nobody here has enough of your personal information (which you shouldn't share anyway) to make any resonable judgements. Hire an advisor; in my opinion it's well worth the cost for folks that don't have the inclination or knowledge to do it themselves.