The Googles have spoken, and people don’t come here for financial advice, but I’ll say this anyway. The markets have been going bonkers for the last week, but don’t panic. Don’t go dumping your stocks and bonds. Seriously.
Just look at what happened in 2008.
I’m not a big fan of financial advisers. Their job is to sell you financial products, not to look out for your own best interests. I learned that the hard way, after sending most of what I made in my early 20s to one. He doubled my money in a year or two, but erased the gain and then some just as quickly. So I had motivation to learn how to invest without a financial adviser.
There’s a pretty easy formula you can use to outperform 90-95% of financial advisers.
So I’m filling out 401(K) paperwork. I don’t like everything I see, but can live with it. I guess it’s what I don’t like that’s important. Or why I don’t like some things I see, that is.
Then again, some people may be wondering why I’m even investing at all.