STEP FOUR:

Finweek English Edition - - MONEY -

STAY IN­VESTED Few peo­ple can re­sist the temp­ta­tion to splurge when they re­ceive a large sum of money, but hav­ing fun to­day can have a neg­a­tive im­pact on your qual­ity of life in re­tire­ment.

On­g­ley says it is crit­i­cal to stay in­vested over the du­ra­tion of your ca­reer. “We are of­ten tempted to time the mar­ket by spec­u­lat­ing when it’s a good time to in­vest and switch be­tween as­set classes. An in­vestor’s risk is hav­ing enough money to re­tire on and not short-term mar­ket volatil­ity. Over a 40-year pe­riod, short-term volatil­ity only presents a bet­ter op­por­tu­nity to in­vest more. For ex­am­ple, when mar­kets

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