Personal Finance and Investing

Fiendish Thingy

(19,023 posts)

7. If your portfolio has lost money over the past year, you need a new financial advisor

Wed Jan 8, 2025, 12:18 PM

Jan 8

If you’ve lost significant (more than 5%) value since the election, you probably need a new financial advisor.

The S&P 500 lost almost 20% in 2022, did you bail on the market then?

The market and the economy are expected to grow at least until mid-year- why miss out on all those gains.

My portfolio survived the crashes of 1987, 2001, 2008 and COVID and has gone on to provide us with a comfortable retirement.

If the market crashes more than 2008 (50%, although my portfolio only went down about 30%), and doesn’t recover, money will be the least of your worries- finding good recipes for squirrel and possum without the internet will be a priority.

Moving to high-fee, low-return MMA’s, your portfolio will be lucky to keep up with inflation, and you will probably end up losing money even if you show a nominal 1-2% return.

Timing the market is a fool’s errand.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

12 replies

= new reply since forum marked as read

Highlight:

He isn't even president yet and my portfolio is already taking a hit. [View all] bif Jan 8 OP

Me too, Mark and my portfolio is super conservative already. FalloutShelter Jan 8 #1

I was doing great until about 4 weeks ago doc03 Jan 8 #2

the market is up from 2 months ago TheFarseer Jan 8 #3

Valuations suddenly matter. There's no growth remaining. bucolic_frolic Jan 8 #4

Mine is up and down... Happy Hoosier Jan 8 #5

After November high it dropped in December and has continued question everything Jan 8 #6

If your portfolio has lost money over the past year, you need a new financial advisor Fiendish Thingy Jan 8 #7

I've made a shload of money this last year! bif Jan 9 #8

"Moving to high-fee, low-return MMA's ... even if you show a nominal 1-2% return." progree Jan 9 #9

Yes, balance and diversity are key Fiendish Thingy Jan 9 #10

Money market funds are not necessarily high fee. And on market timing... progree Jan 9 #11

I moved money today Bernardo de La Paz Jan 9 #12