Welcome to the Jill on Money coronavirus market update. It is Wednesday, August 5th, Hump Day. Yep, we're getting into the end of the week stuff. We'll get some data out from ADP about jobs in the private sector. That should be interesting. But, you know, those private sector numbers

don't always match up with the big government jobs report. We'll get that on Friday. Don't worry.

We'll give you all the details of that. Okay. If you've got a financial question, we'd love to hear from you.

Send us an email. Ask Jill at jillonmoney.com. Ask jill at jillonmoney.com. Ophelia writes, I'm 63 years old and will probably

retire when I turned 66.5. Back in late February, I was $26,000 away from reaching $1 million

in my Vanguard portfolio. Then Corona hit. My portfolio went down by about $300,000.

Half of my portfolio consists of very aggressive Vanguard mutual funds, an IRA and a 401k. The other half is a little over $500,000 in non-retirement mutual funds, money markets, in individual stocks.

Thankfully, it has all come back. How's that? That's great. I'm afraid, though, that the

market's going to go down again. I'm single. I've got no kids. I've got no major bills other

than my mortgage. I'm the youngest of 12. Oh my God. My mother lived to 100. My oldest sister is 81. I lead a very simple life. But because of my good genes, I am afraid I may outlive my money. My question, what should I do to secure my portfolio and still be able to gain from this volatile market? Well, I mean, you'd have to go through and take

some sort of risk assessment. And my guess is that you're going to have to move some of the money,

at least the money that's in the IRA and the 401k, to less aggressive stuff. What does that

mean? It could mean some cash in that account. It could mean fixed income.

It could mean some stocks that wouldn't be quite as volatile as the individual stocks that you own.

So I think that in general, when you have a million bucks, you know, you want to make sure that

it's there for you. Surely the best way to do that is to

reduce the risk. You know that in a volatile market, there are going to be ups, they're going to be

downs. The one thing you also know is that no matter what, when you reduce the risk, if the market

were to continue higher, you're not going to participate as fully. But that should be okay.

Okay? Truly. Just you have to give up the upside in order to secure and protect against the

downside. So good luck. Go to Vanguard. Play with some of their calculators and you'll see that you can

probably pull the risk down by dropping the bond and cash position to about 50%. See how that

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