Buffalo, NY (WBEN) After a 2,300 point loss Thursday and a rebound Friday, the stock market has seen more ups and downs than a rollercoaster the past few weeks. And the market futures Monday aren't pointing to any near term relief.
You may not want to open up your 401k, but investors do have some advice.
What is the right balance of stocks and bonds right now? Christoferson says there is no magic number. "It depends on each individual, when you intend to retire, what other resources you have, and your age," notes Christoferson.
Elwell says if you're comfortable with the risk, now is a good time to do more investing, but don't try to time the bottom of the market. "If you have a long time frame and you're comfortable you can contribute more and years later, you can look back and say that was a shrewd move," notes Elwell.
He says what you want to do is figure out your risk tolerance before, not after investing.