You’re not reckless. You don’t like to take unnecessary risk. But you don’t want to run out of money in retirement. And your financial representative says you must invest in the market to provide for a secure retirement.
Do you really have to take those risks? What if I told you that hundreds of thousands of people are building their retirement nest egg without even going near the stock market … or the real estate market … or precious metals?
When people think of “the stock market,” they often equate it with the Dow Jones Industrial Average (DJIA) they see quoted everywhere.
The Dow is the most recognized market index in the world, and looking at its performance can help answer the question: Does your financial rep’s advice make any sense?
The Dow has gone up over time – but has it gone up enough to make it worth the risk?
Only you can decide if it was worth the risk to you. But to make an intelligent decision, you first need the answers to two questions:
- How much has the Dow gone up?
- What were the risks?
Only then can you decide if it was worth it. [Read more…] “Why Your Efforts to Grow a Retirement Nest Egg in the Stock Market May Disappoint You”