That was before he noticed that the value of the mutual funds in the account is down about 11 percent. He's decided to stay put for now. I'm not doing a thing. Ky. Johnides and his co-workers are instead asking questions, wondering when the stock market and their portfolios will recover. It's too soon to tell.
People seem to be sticking to their investment plan.
But he said just as many of the 8,500 employees there, like Johnides, are putting off at least temporarily a change in the amount of money they invest. Meanwhile, some of these investors have decided to deal with the market's volatility by switching to safer investments, such as bond funds, and shying away from riskier stock funds, said Lori Shapiro, principal at William M. Mercer Inc., an employee benefits consulting firm. But those cases are few, said Shapiro. Participants are trying to stay the steady course. E-mail this story to a friend.