Retiring in 10-20 years? Here’s your best approach to stocks right now, says top U.S. financial adviser.

For Thursday, we’ve got earnings news ahead from Apple, Amazon and Gilead, the latter of which has been fueling optimism with its own COVID-19 treatment.

“If you were already in the stock market on Feb. 1 or March 1 or April 1, and you watched the market go down and those resources are allocated to a long-term goal and your risk tolerance is still suitable, there’s no need to change that because the market is eventually going to go back up,” says Orth.

Orth says Ameriprise started preparing clients for a downturn last fall, selling out of positions and making sure they had enough cash on hand for any near-term purchases. For example if you need a car on May 30, start getting the cash ready, she says. Europe stocks SXXP, -1.00% edged lower, with the European Central Bank leaving key interest rates unchanged, and President Christine Lagarde warning that the eurozone economy could fall by as much as 12% in 2020, with French and GDP numbers out earlier worse than expected. Asia markets tracked Wall Street gains.

Its about assetallocation diversification don't let another coworker tell you to choose a mutual fund by guessing and he/she has no firkin knowledge of the company's investments. 401ks RothIRAs $vttvx $vsagx $vfiax VANGUARD

Forget it. I was 20 years away from retirement 10 years ago. Today, I'm 30 years away.

'SELL, SELL, SELL' ?

This idiot saleswoman's 'wisdom' is 'the market is eventually going up'? Pathetic.

Yes right before The Greater Depression of 2020

Sell them and buy gold

Don't worry about when you're retiring. Just find a job you truly enjoy and you'll never want to retire. But if you work at a job you don't like then just make sure you have enough passive income to retire

Stocks are already back! You missed it

Time to save cash. Next leg down for the stock market might be one heck of a ride.

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Source: CNBC - 🏆 12. / 72 Read more »