Keep wary eye on stock port­fo­lio

The Fresno Bee (Sunday) - - Opinion -

I re­mem­ber many of my com­pa­nies’ se­nior sales reps through­out the 2000s hav­ing to con­tinue work­ing be­cause their 401ks lost hun­dreds of thou­sands of dol­lars in value in the stock mar­ket.

The late ‘90s had big fi­nan­cial losses to many as well when the tech stocks plum­meted. My dad avoided the late ‘90s hit by go­ing con­ser­va­tive in his risk. He saw the volatil­ity, and ad­justed.

Well, it’s volatile time again my fel­low 401kers. Pro­tect what you have worked so hard for dur­ing chaotic stock mar­ket times. Check your plan from the start of the year till now. Like my dad says, “I’d rather risk gain­ing/ los­ing 2 per­cent than 22 per­cent of my ca­reer sav­ings when the Dow Jones is un­sta­ble.” You can al­ways ad­just back to more risk when the mar­kets sta­bi­lize.

– Steve Carr, Fresno

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