Retirement investing is a "hair on fire" problem -- especially for baby boomers for whom retirement is a near and present danger. Investment decisions are easy these days. Buying stocks has the risk of losing money, but with interest rates being what they are and inflation being a present reality, not investing means certain reduction in assets in real terms.
Conventional wisdom for long term (retirement) investors is that they should build a diversified portfolio of mutual funds or ETFs. At the same time, we are barraged with the best stock picks showing amazing results that make these more diversified portfolios look pedestrian.
With a one year return of 30%, that is going to beat any balanced portfolio but with it you also get increased volatility and risk.
We will now watch this portfolio and report on its returns over the coming month.
Disclosure: MyPlanIQ does not have any business relationship with the company or companies mentioned in this article. It does not set up their retirement plans.