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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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If you can't "afford to lose it in a crash" as you stated - then you should have zero or a max of 10% in stocks. You need 90% in BONDS. I prefer to use ETFs (electronically traded funds) specifically for BONDS. The best way to buy and trade BONDS is to get an internet broker (like Ameritrade) and buy 2 ETFs.......BND, which is ALL US bonds, and BNDX, which is ALL European bonds. That IS a simple yet elegant system. You have VERY low risk and small STEADY GAINS. And you can convert to cash in 5 minutes by simply selling it yourself with a couple clicks of your mouse. Take care!