Stock Market
I am a 71 year old widow who has $125000 .00 in the stock market with Raymond James. I am too old to lose a lot of money. In 2021, should I stay in or get out?? They advise I stay at least for a while. Thanks Terry.
Terry Says
Whew — is that ALL of your money? I have no idea where the stock market will go, but if you can’t afford losses, I would take about half out – enough to let you sleep at night! You might miss some of the upside if the market soars, but you won’t have a heart attack if the market collapses.
Of course this is not specific personal advice –For that you should consult a fee-only FIDUCIARY Financial ADvisor. There is a link to find them on my website, top right corner.
