Like most investors you’re probably concerned about the recent volatility in the financial markets. But as a participant in the Con Edison Thrift Savings Plan, you need to remember that the plan is designed to be a long-term savings program. So rather than jumping in and out of investments trying to catch the next run-up or avoid the next decline in stock or bond prices, you should stay the course.
Keep in mind that you’re investing money now for your future, which includes the years leading up to retirement as well as the years you spend in retirement. Retirees are living longer; it’s a good guess that a 65-year-old may live another 25 years!
Your mix matters
As you plan your savings strategy, consider these five steps:
Changes may necessitate change
If you need help determining a suitable investment mix, complete Vanguard’s Investor Questionnaire. The questionnaire will lead you to a suggested investment mix based on your risk tolerance, goals, and time frame. It’s available online at www.vanguard.com/assetmix or by calling Vanguard Participant Services at 1-800-523-1188.
For more information about any fund, including investment objectives, risks, charges, and expenses, call The Vanguard Group at 1-800-523-1188 to obtain a prospectus. The prospectus contains this and other important information about the fund. Read and consider the prospectus information carefully before you invest. You can also download Vanguard fund prospectuses at www.vanguard.com.
© 2008 The Vanguard Group, Inc. All rights reserved. Used with permission.