The Long Run Is YOUR Long Run
The noise is deafening!
Recession, no recession. Inverted yield curve, a global slowdown, tariffs – it’s enough to make me pull my hair out!
But what does it mean for your retirement? What does it mean for your investments? Well, that depends on your time horizon. If you’re younger, the long run spans many miles so there is more time to recover.
However, if you’re approaching retirement, the long run is a like a 2-mile fun run. The finish line is just around the corner.
The point is that “The long run is YOUR long run.” (Disclosure: I read this quote in yesterday’s Chicago Tribune, but it fits like a glove. A running glove.)
We all have different time horizons as it pertains to our money. Try to block out the (daily) noise but heed one bit of advice. The world is a very uncertain place. 2020 is setting up to be a doozy and as you look at how you’re invested, if you’re going to need any of your money in the short term – be careful. Set a floor under some of your investments.
It’s likely that having a bit more money won’t change your life much…
…but having less money certainly will.
That's just the way it works!