Keep wary eye on stock portfolio
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