I am 23 and a first time investor. I started making contributions to my 401(k) early this year. The recent losses and volatility have made me very nervous about the safety of my money. My father says I should have all my money in stock funds but I am considering moving my money to a bond fund. What do you recommend?I have two answers to your dilemma. The first answer is to side with your father and encourage you to stay the course with an all equity portfolio. I hope you are investing in diversified equity funds, not company stock, in your 401(k). Stocks have historically pr[...]
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[Source: The Money Blogs]
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