If you're 22 and just out of school, you can afford to make a risk because you'll have a lot of time to make it up before you retire. For somebody mid-career, you can take a chance, but if you do that, you have to protect your investment capital -- your IRA and your other savings.
More Quotes from Frank Armstrong:
The difference compounded over a long period of time is a lot of money.Frank Armstrong
We find that all the time, ... High growth, high-tech issues are at a point now when they're horrendously highly valued, which means he's excluding buying sectors that are fairly or undervalued.
Frank Armstrong
It's never appropriate to take your retirement dollars and invest in company stock. It's suicidal to put all of your money in the company.
Frank Armstrong
Here's a young guy and his wife, together making 110,000 but they're only putting 4 percent of their income into a 403(b),
Frank Armstrong
They're not losing anything in the way of deductions. And their money is locked up for a long time.
Frank Armstrong
He's not getting the kind of diversification he thinks because they're all in large company growth, ... If he held small company funds or value funds or foreign, he'd have wider diversification, and far lower risk.
Frank Armstrong
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Based on Topics: Chance Quotes, Danger & Risk Quotes, Education Quotes, Time QuotesBased on Keywords: mid-career
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