3 Investment Essentials to Keep in Mind as Stocks Get Shaky Again
NEW YORK (TheStreet) -- In the past month or so the S&P 500 dropped about 50 points, leaving retirement investors wondering if their portfolios are perched in the right places.
"Many investors were lulled into a false sense of security as the market was slowly improving and staying steady in recent months," says Nicole Mayer, a financial planner with RPG-Life Transition Specialists. “Last week’s shifting stocks reminded all of us that the market is nothing if not uncertain. That is why it is absolutely crucial to make sure that your investments are in line with your financial goals.”
Basically, that means establishing long-term financial goals, working with a financial professional to lay out a blueprint. To set goals, you should be asking:
- When do you want to retire?
- How much do you need to retire?
- How much risk you can assume and still be able to sleep at night without worrying about your retirement portfolio?
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