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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Further OPINION from me.
Terms like I'm ignorant frankly is not so. Too many people THINK they know but in reality they do not know that they do not know.
I need a financial guru. No you need to learn to prevent advisors from taking advantage of you. There is no shortage of tricks to line their pockets.
A 403B, you need to review what is available and FEES you are paying.
Others mentioned Fidelity. The three biggest brokerages are Fidelity,T. Rowe Price, and Vanguard. If, I am right, it does not matter, Vanguard is the biggest of the three, Fidelity is second and T.Rowe is third. It does not matter because all three of them are huge.
A big plus for Fidelity is that they have an office in Lake Sumter Landing. Far as I know T. Rowe has closed all their offices and Vanguard never had any.
I think it is a big plus to be able to set up an appointment and speak to a HUMAN face to face. Government forms as in a 403B a mistake is well a pain to correct. I have Fidelity guide me filling them out.