When it comes to your retirement life, I want you to invest for you. Sure, you think about the next generation, but look at the years 2000 and 2007, and I can tell you that’s the fastest way to turn $2 million into $1 million.
Through no fault of their own, investors think tomorrow will be like today. That feeling persists right up to the market peak. Then, when it falls, the selling begins and stops only when they can sleep well at night.
Look at the history of a balanced portfolio and ask yourself what you’ll be able to handle in terms of market declines. In my experience, it’s less than you think. Invest accordingly.
Action Line: When you want to talk about a balanced portfolio, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.
