We always talk about the long haul when it comes to investing. And that really is a good focus to have. After all, investing is a marathon, and it takes years of compounding to achieve our goals. Moreover, the short-term market noise and volatility is usually wiped clean when you hold for a long time. It makes perfect sense to think in terms of decades when building your portfolio.
But what happens if you don’t have decades?
Market volatility is of greater importance for your investment portfolio when you are near or in retirement. There isn’t enough time to make up for the losses. For investors, that means taking a different approach to asset allocation and focusing on various priorities.
Click here to read about the three biggest risks for your retirement portfolio.