Alert
Close

Think you know AARP? What you don't know about us may surprise you. Discover all the 'Real Possibilities'

Highlights

Open

Contests and
Sweeps

Dream Vacation Sweepstakes

10 weeks. 10 amazing trips. Seize your chance to win!
See official rules. 

Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

PROGRAMS

AARP Foundation Tax-Aide

You can get free, face-to-face tax assistance nationwide.

Money Matters Tip Sheets

Download and print out these PDFs to help with your financial matters.

AARP Books

Visit the Money Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

webinars

Learn From the Experts

Sign up now for an upcoming Money webinar or find materials from a past session. 

Jobs You Might Like

most popular
articles

Viewed

Commented

What's in Your Retirement Portfolio?

It may depend on whether you're a lion, a turtle or an ostrich

What every investor needs to know

At the very least, before you do anything, you have to ask yourself, "How much can I afford to lose?" Answering that one question will guide you into the right portfolio.

To focus your thinking, draft a written answer declaring how you want your money invested. The result can be a flexible, risk-adjusted portfolio, with diversification that will save you from being tempted to constantly react to market conditions.

Should you not want to go it alone, get help. Contact a fee-only certified financial planner, registered investment adviser or any fiduciary — someone who's legally required to put your interests first. That means avoiding brokers, insurance agents and others who sell on commission and aren't really in the advice business.

A fiduciary adviser can also help you craft an investment policy statement, rebalance your portfolio when needed and generally keep you out of trouble.

Online resources

Putting together a portfolio is complicated. Here's a list of websites that can help you track down specific investments or create a portfolio with a professional.

  • Yahoo Finance is fairly easy to use. Check out its "Investing Ideas" section for specific stocks and funds.
  • Folio Investing. This site does most of the work for you by selecting from more than 100 "ready to go" portfolios that can best match what you want to do.
  • MyPlanIQ. Similar to Folio Investing, this site allows you to tailor your portfolio even more to your risk profile.

John F. Wasik is a personal finance columnist for Reuters and the author of 13 books, including The Cul-de-Sac Syndrome.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

your money

Discounts & Benefits

Explore Your Learning Possiblities