My investments have dropped and I'm concerned about losing more money. I invested about 6 years ago and it dropped initially but I left it and over time it finally got back to baseline (no poss but no gain). Last year is the first year I saw some profit. I was happy and hoped it would slowly grow for retirement. Now it's dropped and I'm worried it will get worse. I'm wondering if i should put it into very low risk so it doesn't grow but doesn't shrink or if I should pull it and leave it in the bank until things improve.
Yes things will eventually get better but what if it takes 10 years? The money will drop and when it finally starts to grow it will have to recoup all that lost money just to break even and that could take years. I'd rather leave it safe and not get gains rather than lose money.
Thoughts? The next 4 years are gonna suck.