- Sep 10, 2014
I do exactly the same. Long term, this is a good way of doing it.I don't invest in individual stocks or bonds. I invest in stock and bond funds.
Some of the funds are even a mix of stocks and bonds.
The funds have managers that do the work of buying and selling within the funds parameters.
Presently, I have about 20 different funds, some more agressive than others.
I'm well diversified. Even within stocks I'm in funds of small companies, large companies and in different market sectors.
I periodically look at my fund balances and occasionally will switch between funds.
But mostly I just leave the money where it is. I never react to the ups and downs of the stock market.
Attempting to time the market never pays off in the long run.
I have done extremely well over the years, I've earned as much from my investments as I have in salary from my job.
Unfortunately, everything is down at the moment due to the Coronavirus.
But it will come back up, it's only a matter of time.