What's a nervous investor to do in volatile market? Not much, they're told

In June, when he got his first job out of college, Nick Studenski did what most Americans are told to do. He started saving for retirement.

The 23-year-old from Eagan invested heavily in his company’s 401(k) plan and, on the advice of his dad, contributed additional money to an individual retirement account. In a few months, Studenski set aside more than $5,000 of his salary.

In a few weeks, more than 20 percent of that money disappeared.

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