01-27-2014, 11:19 AM
Even though you don't have a ton of choices, it seems that whoever is making the investment selections for the portfolio did a great job that year, Kid.
It could really dip or go even higher next year, obviously. My dad used to tell me that a good solid plan with a decent level of diversification (offsetting high potential gains with low-yielding but stable returns) should be left alone - over the long run and across market/economic up and down turns - and that it will render high yields when it's finally time to draw on it. He was great at that stuff and always developed "what if" scenario percentages and charts and such (I'm more like you in regards to investments).
I don't know if his philosophy is still one that is advocated by financial planners today, but I went against it a few years ago when I got nervous watching my investments plummet a year and a half into the recession. I hope I didn't do the wrong thing financially, but may well have.
It could really dip or go even higher next year, obviously. My dad used to tell me that a good solid plan with a decent level of diversification (offsetting high potential gains with low-yielding but stable returns) should be left alone - over the long run and across market/economic up and down turns - and that it will render high yields when it's finally time to draw on it. He was great at that stuff and always developed "what if" scenario percentages and charts and such (I'm more like you in regards to investments).
I don't know if his philosophy is still one that is advocated by financial planners today, but I went against it a few years ago when I got nervous watching my investments plummet a year and a half into the recession. I hope I didn't do the wrong thing financially, but may well have.