By Mable Buchanan Just seven weeks ago, we were in The Wizard of Oz‘s opulent Emerald City. We watched the major indexes hit new highs and reflect a seemingly immortal bull market.
But now, some investors who diligently followed their yellow brick roads and had hoped to retire in 2020 are feeling shortchanged.
It’s true that a low-maintenance investing strategy prevents emotion-driven losses. (In fact, a study by Fidelity showed that the best-performing portfolios were ones investors had forgotten about.)
However, there are circumstances under which buy-and-hold can fail.
Target-date funds are offered by 9 out of 10 retirement plans, and a recent Vanguard survey shows that …read more
