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