Personal Finance

3829 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

[email protected]

Your ‘Set It and Forget It’ 401(k) Made You Rich. No More. — WSJ (apple.news)

submitted 1 year ago by [email protected] to c/[email protected]

22 comments fedilink hide all child comments

For four decades, patient savers able to grit their teeth through bubbles, crashes and geopolitical upheaval won the money game. But the formula of building a nest egg by rebalancing a standard mix of stocks and bonds isn’t going to work nearly as well as it has.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

Things are down right now, so of course your balance will reflect that. If you keep investing on a regular basis, the dollar-cost averaging will come into affect over time.

I didn't read the article, but it seems like they are saying that the way money works is changing. Money, stocks, mutual funds... it's all the same as it has always been. The risk/reward can change, but there's no way to predict that.