In February of this year I invested a lump sum of $6,000 to max out a new Roth IRA for the year. Throughout the year, my account has only been decreasing in value…I’m currently at $5,200. I understand there will be ups and downs with investing and I also understand the market hasn’t been great this year as far as earning returns. With my Roth IRA continuing to decrease in value consistently - should I be making changes to what I am doing with it, or do I just continue to leave it alone?
With it being my first lump sum investment…I feel like it’s going to keep decreasing and by the time I see changes, it will be as if I made an initial lump sum investment of say $2,000 and lost out on the other $4,000 I originally put in (obviously that’s not based off a real scenario, but a potential hypothetical).
I also realize you can’t time the market, but it feels as if my timing was really bad. Any thoughts or suggestions?