Hey guys I’m retired and have an account with Allianz where the money is divided up into several % options. Should I be changing my percentages? What should I be putting my money at this point?

Original Post

@Drt123 The consensus among financial advisers seems to be that now is not the time to change your allocations, i.e., the percentage of your portfolio you have in stocks, bonds, etc.

Understandably, the people who seem to be asking this question most are retirees. They're wondering if they are too invested in stocks and should move more into bonds because bonds are usually safer investments. I can't answer questions about individual portfolios, but if you moved money out of stocks, you would be selling at low prices and your money won't have a chance to rebound.

Financial advisers I spoke to last week said that a retiree who needs to sell part of their portfolio to live off of would actually be better off selling the bonds right now. That gives the stocks time to bounce back. Then, when the market can recovers, you can change your allocations and move a larger percentage of your portfolio into bonds if you're looking for less risk.

Disclaimer: I'm not a financial adviser, and this is general information, as I can't provide personalized investment advice.

Just try not to make any big decisions right now while the market is going wild — and yes, that's much easier said than done!

What I don’t understand is once the stocks go to zero you can’t buy them back. No money left to it with ?????

> On Mar 24, 2020, at 10:35 AM, The Penny Hoarder Community <[email protected]> wrote:
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