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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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I have been an investor for 55 years and was once a stock broker. My entire career was in finance. The simple truth is that no one knows when or how much the next crash will be. If the next crash were to be on the scale of 2008, then nothing is safe. While there were small number of exceptions, virtually everything went down in that crash.
If you really cannot afford to lose the money, then 100% of it should not be in the stock market. I know that 2.5% to 3% in absolutely safe bonds sucks, but at least you will still have your principal. Remember, if your advisors are wrong, neither will write you checks to cover losses.
Having said all that, I expect that the market will do O.K. for the next couple of years. We certainly could have a correction of 10% at any time, but I don't see a 2008 looming anytime soon.