Hello. I’m 52 years old and in generally good health, single, no children. I was an emancipated minor so I didn’t get the best start in life. I subsequently went into IT and got caught up in the dot-com bubble bursting and was laid off three times in three years as one after another company wiped their IT departments out between 2000 and 2003.
Despite all this…I own a home in a good location (near shopping and halfway decent schools) currently valued at $275,000 and is paid off. My car and student loans are also paid off. My credit cards are paid off monthly. My total 401K holdings are only about $190,000, and currently my income is about $40,000. I am looking for a better-paying job. I put almost the max into a Roth and 10% (with a 6% match plus profit-sharing) into a regular 401K. I have an emergency fund that should last two years if everything goes sideways. The past seven years my portfolio has lost nearly $15,000, and I’ve even changed brokers. I am not a particularly aggressive investor, and am dismayed at the fairly constant losses. I even acquired a financial adviser but the losses haven’t stopped. I started putting money into CDs and T-bills on my o …
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