Hello all, long-time lurker, first time posting.
I am looking for some guidance as a novice investor with worries of not properly insulating myself from a recession or massive economic downturn. As a recipient of a fairly recent windfall (2 years ago) I do not want to take any risks with COVID-19 shaking up so much and revealing the fragility of our financial system.
If this is better suited for FATfire or some another r/ please let me know. Open to all advice.
The accounts are with Edward Jones 1 - Traditional IRA 1 - Mutual Fund %90 and 10% stocks
375k in IRA 500k MF
Am I wrong to be worried, or how can I properly make sure that these investments are safe from another 2008-esque crash.
Any advice on how to properly manage these assets best or (as I assume) which companies may be better suited for my situation are appreciated. I have a full time job with benefits and don’t pull from these accounts. They are exclusively for retirement, first home, emergency, etc. but would prefer not to touch them at all and allow them to grow as much as possible until making my first large investment.
Thank you and all and wish you the best.
Submitted April 21, 2020 at 08:19PM by ajbrush https://ift.tt/2RZ4w3D
