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Originally Posted by MandoMan
Well said! There are so many articles about changing the portfolio as we age to less risk and more bonds and all. Instead, I keep my retirement funds in a mid-cap growth fund that gets five stars from Morningstar for both growth and safety. Thanks to that, since fall of 2016 my investments have nearly doubled. Riding the 30% market crash last year was scary, but it came back up. If I had followed the standard advice I was given, I wouldn’t be here in The Villages because I wouldn’t be able to afford it. Now I’m worry free, and my retirement funds are up 15% for the year.
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Far as investments, there is no shortage of advice, plans etc. For most people, including me, it is tough to pick a plan and stick to it in up and down years. So many great quotes are out there. One that I remember is no one is right all the time. To make money you just need to be right more often than you are wrong.
Five star mid cap growth funds? I am not qualified to give investment advice but I am regularly discovering things that I don't know. A five star midcap growth fund earns five stars compared to other mid cap growth funds. It does not show how it compares to other funds.
Retirement funds up 15%. This has been a good year for stocks. I am up more than that.
Neither of us are up as much as the S&P 500. The rude wake up for all-if you have 10,000 and make 10% one year and loose 10% the next year you are not even 10,000+10%=11000
11000-10%=9900.