I’ve been working in the financial services industry since 2008. I’m also a Registered Representative of CUNA Brokerage Services, Inc. and I have an RICP® designation (Retirement Income Certified Professional). All these certifications help me focus on helping members with retirement planning and investment management.
On a personal note, I have a wife and three dogs. In my free time I enjoy golfing, ice fishing, traveling with my wife, and spending time with family and friends.
The advantage of a mutual fund is that you get professional management from a manager or multiple managers and a team of analysts that are researching stocks or bonds and determining when to buy or sell those securities.
A good rule of thumb is to invest 15% of what you make for retirement. If you get started later in life, you may need to invest more. Everyone is going to be a little different, but 15% is a good starting point.
My approach is to stick to our allocation plan we have set up. It could make sense for some investors to get more aggressive when the market is down because stocks are on sale, but it’s very difficult to predict when the market is going to crash. Getting more conservative on a hunch is usually not a good plan. Sticking to a risk tolerance you’re comfortable with is usually a better way to go.