The Q&A column addresses various financial questions, including using emergency cash for house repairs, maintaining a high-risk investment portfolio, and concerns over stock market corrections. Recommended actions include prioritizing an emergency reserve fund and considering market timing risks. The advice emphasizes ensuring financial stability first, allowing for long-term growth strategies in investments, and understanding the importance of resilience to market fluctuations, especially for younger investors with a long time horizon.
If you can withstand the market gyrations, and you don't need this money for 10, 20, 30 years, then there is no real issue with keeping the risky portfolio in place.
If only we could perfectly time when to get out and then back into markets! Unfortunately, all of the academic research has shown that market timing doesn't work.
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