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Don’t “Stay the Course” if You Are on the Wrong Course
When stock prices fall, Wall Street advises “Stay the course” and “Buy the dip.” This might be good advice if you are on the right course, but most baby boomers are not on the “right course.” You might not be either. Remember that Wall Street wants you to stay invested.
This show and article are among our most popular. They were produced in the first quarter of 2020, following a market correction. Despite the fact that the market quickly recovered, our advice to not listen to Wall Street remains solid today.
People in the Risk Zone, transitioning from working life into retirement, should limit their investment risk because losses can irreparably ruin the rest of life. In particular, the 60/40 stock/bond course is too risky for most baby boomers because most are in the Risk Zone
Field of Study: Economics
Serial entrepeneur specializing in target date funds and baby boomer investment education.
Ronald J. Surz is co-host of the Baby Boomer Investing Show and president of Target Date Solutions and Age Sage, Target Date Solutions serves institutional investors, namely 401(k) plans. Age Sage serves do-it-yourself individual investors. His passion is helping his fellow baby boomers at this critical time in their lives when they are relying on their lifetime savings to support a retirement with dignity, so he wrote a book: Baby Boomer Investing in the Perilous 2020s .
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