How to practice peace-of-mind investing? Construct a diversified investment portfolio made up of stocks and bonds and stay with it. When stocks are roaring, you will not hit a homer but you will, most probably, hit a triple. When stocks are tumbling you will not suffer severe losses because bonds, most probably, will be doing well. “Doing well” with bonds means they generate interest payments while increasing in capital value. In this time of national and personal uncertainty I welcome, as always, your questions.
Q.: I am 65 and a member of the New York City Teachers' Retirement System. I plan to retire on July 1, 2020. Due to the Covid-19 pandemic my wife urges me to put off retiring for one year. What do you advise?
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