But I wasn't in stocks! I went total conservative and thought, "Well, I won't make as much as the higher risk funds, but at least I won't lose money". I was wrong on that! The only good thing is that I didn't lose as much as those in stocks, but they made so much in the preceding 10 years that the 30 to 40% drop some took was still WELL above what they were at 10 years ago; so it just set them back a little time wise. I'm retired and I just wanted to keep my money safe until I actually need it.
I'm considering it to be an inheritance for my children, because I won't need it for quite a long time, unless something major requires dipping into it. I hope that my advisor will be able to put it where it will grow over the next few years, but the way the economy is, I don't know what is a sure thing.
But I wasn't in stocks! I went total conservative and thought, "Well, I won't make as much as the higher risk funds, but at least I won't lose money". I was wrong on that! The only good thing is that I didn't lose as much as those in stocks, but they made so much in the preceding 10 years that the 30 to 40% drop some took was still WELL above what they were at 10 years ago; so it just set them back a little time wise. I'm retired and I just wanted to keep my money safe until I actually need it.
Then that really does suck. I'm so sorry that happened to you.
I'm considering it to be an inheritance for my children, because I won't need it for quite a long time, unless something major requires dipping into it. I hope that my advisor will be able to put it where it will grow over the next few years, but the way the economy is, I don't know what is a sure thing.