There certainly are a lot of opinions. I am quite new to the market - about 18 months. Though my portfolio is a bit tech heavy, I bought stocks in companies I believed in and I plan on holding them for at least another three years until I retire - and I might still keep them after that.
I ‘freaked out’ in March and nearly sold everything, but a friend of mine who’d been in the market for decades told me to hold tight and he was right. It appears that the average long term return in the market is about 8% far better than the 0.8% that you get in a bank.
I’m grateful for all of your thoughtful responses. Thank you all very much!
|