Posted by coshoo on January 01, 2018 at 06:44:47 from (65.101.148.136):
In Reply to: Re: Investments 2017 posted by showcrop on January 01, 2018 at 04:18:57:
I transferred my IRAs into money market when Dow Jones was about 18,000, anticipating a bubble burst. Hasn't happened, and as my 35 year old financial advisor reminds me, I missed out on a good increase. But I have enough money for a good retirement (I'm 69) now, but won't if I lose half of it in an adjustment. So I'm fine with it.
Wife and I put a lot into our retirement accounts over the past years. She doesn't keep up with the financial markets. So when advisor was trying to talk me out of converting to cash a couple years ago, I told him he would have to be the one to tell her (if crash happened) that we had just lost all the money she had put in for the past 2 years. Long silence on the other end- then "OK, I'll make that conversion first thing in the morning."
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