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What I should I do with my stocks now it’s getting rough?
I have a small stock portfolio that is for my retirement and an individual investment account. But now that the stock market is falling should I just leave the stocks as is and wait for things to rebound or should I sell. It’s not a lot of money and I don’t plan on withdrawing money for at least 10 – 15 years, so should i just ride it out or should I sell some and invest in bonds or ???
I don’t have a financial advisor, I opened these accounts on an individually managed service like sharebuilder.com so I get no advisor or anything…
Any thoughts? I’ve been googling about this…
I actually don’t have any “hot” volatile stocks or any “hot picks” from amateurs. I did some research and picked older companies and funds (including SPY) that have proven to perform well over time. They are moderate risk holdings. Since I am young with no dependents I decided to go a little higher on the risk scale. Plus, I don’t plan on touching the money for at least 15 years plus.
Tony Walker Financial: It’s Your Money
www.tonywalkerfinancial.com orcall 1-877.499.WALK Retirement Specialist – Tony Walker, from Tony Walker Financial, talks with a caller about “It’s Your Money”. Tony has over 25 years of experience in the financial services business and is a leader in his community. He is an author, a film maker, and currently appears every Monday morning on NBC affiliate WAVE TV in Louisville Kentucky, where he is co-host on a live call in show answering questions from an audience of over 500 thousand households. And just as importantly, Tony has a real pulse on what Americans are thinking since he works personally with so many people, from all walks of life.