What to do
Hello,
I am a novice with portfolios, and I do have a professional manager whose integrity I do trust. As soon as I can get my work life more in balance, I will spend more time learning and monitoring my small nest egg together with my advisor.
I understand that no one has a crystal ball, but I wonder about the intermediate? term outlook especially for the domestic market. Again, I don't really grasp economics well, but I wonder about the structural problems in the U.S. with so much debt, etc.
I just turned 65 (and there are some benefits), and although I don't intend to withdraw funds from my portfolio for maybe 8-10 years at least, if my portfolio crashes as it did in the 2001-2002? market, I don't know that I would I would have enough time to recover more than my original capital investment level. So what's the point...I don't know whether forecasters or technical analysis methods tend to forecase such a looming crash in the near future.
My current portfolio is:
Equitites-Mutual Funds, ETF,
Columbia Fund Series Trust Mid Cap Value Fund Class B 13.7%
Growth Fund America Inc, Class B 14.5%
Rydex Trust S&P 50 Pure Value 12.9%
Rydex ETF Trust S&P Midcap 400 Pure VAlue 15.8%
Capital Income Builder Fd, Class B 25.0%
Thornburg Invest Trust Invt Inc Builder Cl A 14.9%
Henderson Euro Focus
EFT Global Div Achievers--mainly European
Kensington Inter'l Real Estate - global
Stock
Alianz SE sponsorsed - stock
What are other peoples' approaches as to when they think the market might take a major correction???
Thanks,
Sue
I am a novice with portfolios, and I do have a professional manager whose integrity I do trust. As soon as I can get my work life more in balance, I will spend more time learning and monitoring my small nest egg together with my advisor.
I understand that no one has a crystal ball, but I wonder about the intermediate? term outlook especially for the domestic market. Again, I don't really grasp economics well, but I wonder about the structural problems in the U.S. with so much debt, etc.
I just turned 65 (and there are some benefits), and although I don't intend to withdraw funds from my portfolio for maybe 8-10 years at least, if my portfolio crashes as it did in the 2001-2002? market, I don't know that I would I would have enough time to recover more than my original capital investment level. So what's the point...I don't know whether forecasters or technical analysis methods tend to forecase such a looming crash in the near future.
My current portfolio is:
Equitites-Mutual Funds, ETF,
Columbia Fund Series Trust Mid Cap Value Fund Class B 13.7%
Growth Fund America Inc, Class B 14.5%
Rydex Trust S&P 50 Pure Value 12.9%
Rydex ETF Trust S&P Midcap 400 Pure VAlue 15.8%
Capital Income Builder Fd, Class B 25.0%
Thornburg Invest Trust Invt Inc Builder Cl A 14.9%
Henderson Euro Focus
EFT Global Div Achievers--mainly European
Kensington Inter'l Real Estate - global
Stock
Alianz SE sponsorsed - stock
What are other peoples' approaches as to when they think the market might take a major correction???
Thanks,
Sue
