Why a financial planner told me to do nothing with my investments - Business Insider

: Imagine you invested in Vanguard Total Stock Market Index Fund Admiral Shares in 2007, right before the Great Recession took hold. This fund dropped a whopping 36.99% in 2008, which surely convinced some active investors that it was time to sell and buy into something else. In 2009, however, the value of VTSAX increased 28.83%. In 2010, it went up another 17.26%.

Imagine if you had listened to your inner voice and dumped your shares at the worst possible time. You could have easily missed out on the rebound and invested your money in a way that didn't yield these results.I'm so glad I can lean on investing advice from Schulte and otherwho can tell me the truth about money since they don't earn a commission for selling specific investments. And really, the act of "doing nothing" explains my whole retirement plan in a nutshell.

After all, I don't want to make a mistake and move money unnecessarily when my investments drop in value. But more than that, I don't want to spend my time or effort trying to predict what the stock market is doing anyway.

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Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »