The stock market has had a rough month. If you’re a Thrift Savings Plan investor, you’ve watched the numbers from March ( see the latest TSP returns).
While it’s usually never a good idea to time the market, it might be a good time to reconsider your mix of funds. according to long-time Thrift Savings Plan multimillionaire Abe Grungold.
“This is the perfect buying opportunity. It’s like an Amazon sale that every TSP investor should take advantage of,” said Grungold with Tom Temin on the Federal Drive podcast. This episode discusses the current stock market downturn and its impact on TSP investors. Grungold shares his strategies for navigating these challenging times, including how to adjust your fund mix and take advantage of buying opportunities.
Abraham Grungold is a retired federal employee with 36 years of federal service, and helps federal employees with their TSP and federal retirement planning and decisions.
Watch the video of this episode below (9 minutes):
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To read a transcript of this podcast episode, go here.