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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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Hi Becca - Many people are in the same boat as you. I don't know your age; however, if you are in your 60's, I'm in your ballpark.
I can tell you that I started investing in the stock market many years ago when I didn't know what the heck that I was doing. Thankfully, I somehow have made quite a bit; and that is with significant losses a few times.
We have most of our investments with a discount broker, Fidelity Investments. I myself have a significant portion of my investments in index funds and ETF's. I think that is something you should consider. I have invested in S&P 500 index fund, balanced index fund (both stocks and bonds), health index fund, NASDAQ ETF. All have done quite well.
You could call Fidelity Investments and talk to a representative there and explain exactly what you have said in your post. They should be able to guide you how to invest. I want to warn you though: I would not recommend their "professionally" managed arm. You pay for that, whether your investments gain or lose.
They will be happy to transfer your money to their company and guide you as to what type of funds in which to invest, depending on your risk tolerance.