Some 401 account holders were running toward safer investments after seeing market volatility on Monday, but they shouldn’t have been, experts say.
It’s also helpful to keep in mind your balance may not drop too drastically. Yes, you will see a decline in your assets if you’re heavily invested in equities, but a proper portfolio is diversified, which means it is invested in numerous types of asset classes, and thus, each will be affected differently by market volatility.
Do think carefully about your risk profile “For most long-term investors who have been through market cycles before and are comfortable with volatility, this is no news,” said Dennis Nolte, a financial adviser and vice president at Seacoast Investment Services in Winter Park, Fla. But not everyone remembers the last downturn or the drastic, albeit short, drops in the last year, and the current volatility may scare investors.
Panic and sell it all!!! The trick is to sell low and buy high! 😉🙄
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