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re: Pension or Lump Sum?

Posted on 11/13/18 at 4:32 pm to
Posted by LSU82BILL
Fort Lauderdale, FL
Member since Sep 2006
10341 posts
Posted on 11/13/18 at 4:32 pm to
quote:

What if the market corrects a year after I retire? What if it stagnates for 6 years? What's a 'wise' investment?


A diverse one that you don't liquidate quickly. You shouldn't invest all $1 million into equities that will mirror any drop or "correction" of the markets. You should buy some government bonds or gold. If you're worried about timing the market, you might as well just flip a coin. Take a fairly conservative postion and wait until AFTER there is a correction to scoop up some bargains on blue chip stocks.
This post was edited on 11/13/18 at 4:35 pm
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