RETIRE ON TRACK: Now is a great time to reset your stock market portfolio - Sarasota Herald-Tribune - Financial Daily News Site

RETIRE ON TRACK: Now is a great time to reset your stock market portfolio – Sarasota Herald-Tribune

Evan Guido

After decades in the markets, I’ve come to accept two simple truths. First, it’s so difficult to predict tomorrow’s markets that it’s not even worth trying. Second, our futures are ours to control. These two truths might seem opposed to each other, but they aren’t at all. All I’m saying is that as we go out further in time, most short-term randomness should cancel itself out.

That’s the long version of saying that, over time, the investment returns I earn will be directly related to how much risk I’m willing to take of less than the expected return. For a while, markets were trying to fool us into believing that we could forget all that, but this year put that rather wishful belief to rest.

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