Reference no: EM132641387
Question 1. Saving for retirement in a recession.
I really like this question for this week....normally. The 'rules' seemed to have changed in the last 7 weeks as unemployment skyrocketed and getting what used to be simple things like cleaning supplies has gotten increasingly more difficult.
So have your financial goals for retirement changed? If you are like me, probably not, yet by looking at investment fund balances, the market is sending me a different message.
How would the current situation impact the funds or investment vehicles you choose? I know a high-yeild savings account is now in my portfolio mix and can still be accessed for cash if in a crunch (Simon, 2020).
Some of my fellow professors have told me that stocks are 'on sale'. Stay calm and remember the market moves in cycles.
How has your formulation for retirement changed?
Simon, J. (2020, April 9). What is a high-yeild savings account? Smart Asset. Retrieved April 15, 2020
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Question 2: A lot of portfolio models look at a 60:40 portfolio of equities and fixed income investments.I person is 40 now, at what point should he look at shifting things in his portfolio before 50 or wait till 50?
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