Even though the stock market has been on a steady climb the past couple of years, many investors still fear to put their hard-earned funds into something that has been so volatile.
Some in the retirement industry are concerned we are headed for another big drop before the economy smooths out, like it did in the early ‘90s.
“Typically it is set it and forget it,” she said.
Bruce Young, senior resident financial planner with Financial Finesse in Chicago, said that he has noticed the same apathy on the part of investors. “It’s interesting because the market obviously is inching up rather nicely, so you would think that the normal investor would be excited and looking at their portfolios a lot more, but more people are just staying on the fence where they are at,” he said. “I’m not sensing any excitement. Because it is a heavy political year, that has taken the forefront. People are just waiting.”