I am 60 years old and semi-retired. (I do some freelance work at home.) About a year and a half ago, I transferred my IRA to a discount broker from a full service broker (who I did not think was serving me well). During that time, I have played around with investments, while trying to keep some balance. I have some tech stocks, several mutual funds, maybe 25-30% in bonds and CDs. I was doing relatively well, but now like others my portfolio has taken a big hit. Unfortunately, I bought a couple of funds that had been hot, but which went down considerably after I bought them. I have lost at least $30,000 in the past couple of months. I plan to start taking my interest for income next year and am beginning to panic. I know that you Fools recommend stocks, and I have been pursuing what is known as a moderate portfolio, but should I be more conservative? More CDs. I hate to see my retirement money eroding so much.
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