Been watching my retirement accounts evaporate over the last three months. Down about 24% from the first of the year. I was invested pretty aggressively and just didn't think to move it out. Should have shifted everything to bond funds at the first of the year. Lesson learned.
Accounts at Fidelity for 401K (Fidelity Growth Company Commingled Pool Class O) and some residual 403B (Fidelity Growth Company K6 Fund). I've really been enjoying my returns for the past couple years, but now I need a little advice.
I'm 20 years from retirement, so I'm not immediately concerned and I'm not panicky by nature. My gut says I already blew it and the best way out is through. Keep the current allocations, trust the past performance of the fund managers and ride them until they recover. On this path I would keep my current contributions, buying in at the current lower price.
Would appreciate any thoughts on where to go from here.