How do you protect your retirement savings now?

Image by NickyPe from Pixabay

You’ve worked hard to build your nest egg. But COVID 19’s economic shutdown created several cracks. You could do one of several things: move your money into cash, short-term bonds, gold or inverse ETFs. The trouble is, if you sell everything now, how do you know when to jump back in? Lately, stocks have done nothing but rally and dip, rally and dip. When stocks recover for real, will you get left behind…fooled into thinking the latest rally is just another feint?

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions.

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