Scared About Your Retirement Statement?
Are you too frightened every month to open up your retirement plan statement? Fearing the worst many investors are. They do not open their statements thinking that if they don’t know what their returns are they are better off. That’s a bad idea. The only way to turn poor investment results around is to know which investments need to be tweaked.
Unless you plan on selling your investments the losses on your statement are mere paper losses. Markets do rebound and investment performance does level off. Unless you are aware of your gains and losses how can you buy more of a good investment and sell poor ones? You can’t so open your statements.