Quote Originally Posted by Baa_Baa View Post
"The problem was that many of those investors sold out of things like shares at the low point of the market, when they were worth less than they had been for years. They then shifted into funds that largely invested in things like term deposits and cash – and weren’t in the market when it rebounded afterwards.Some switched back but it was too late to save the lost money.
This has made a tangible difference to balances, and to the end result that many of these people will have at retirement. One financial adviser estimated that people who panic-sold missed out on combined $3.5 billion in retirement savings."
I did switch my Milford but went from the Growth fund to the aggressive fund and upped my contributions