Investment strategist Joachim Klement is advising retirement savers not to check their 401(k) balances to help prevent them from making poor decisions based on short-term market moves. “Nothing that happens today, tomorrow or over the rest of this year will matter 10 years from now,” he says.
At or near retirement? Consider these moves to protect your nest egg
Now is NOT the time to sell stocks! Turn off and tune out the investing news.
Money that you will need in the next 5 years should not be invested in the stock market.
Please review other posts on this blog about the basics of investing, rebalancing, retirement planning, etc. There is lots of sound, sensible information to help you navigate these trying times.
Source: Financial Planning for Women