When I was younger, there were advertising campaigns that advised people to check their blood pressure because it’s always a great barometer of one’s health. When I was a bit older, the campaign with blood pressure was so successful, they eventually started a campaign for people to find out their cholesterol level. What a shame that people do not check their investments in their 401k or other pension plans. It is a barometer of one’s Retirement Health.
Once again this morning I heard someone on network TV give the indexer line, stay invested and wait it out. Again this person had no real clients, was not really clear on what knowledge other than reporting on the index numbers a couple of times a week reading from a script at that.
Losing money from your mutual fund account, brokerage account or pension plan (401k, 403b, 457 plan or defined benefit plan) involves real money. If being down 10%, 20% or 40% or more is a bother, you might want to rethink your plan to be in the market at this time.
Here are the real numbers on how much it takes to recover your funds, make your own decision.
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