Let me tell you how you should change your TSP allocation during a down market like now. Human nature makes us want to change something when we anticipate losses. The stock markets been down, the real estate market craze appears to be over. Shouldn’t we shift our money into something safe until the market starts going up again? Hang out in the G fund? Hell no. This is the biggest mistake I see people make and I see it all the time. During times where you expect a down market, don’t change anything. Pick a good strategy, like investing in the C fund, which is the S&P 500 index, and then stick with it for the long term. Those that pulled their money out during the COVID scare, and those that pulled it out after trump was elected both ended up losing lots of money. the markets rose when many expected them to fall. full disclosure, I’m not making a political endorsement of trump. He’s a fool, but the stock market doesn’t care.... ( read more )
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Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)