Reply to Stocking picking fail, how can we turn our retirement portfolio around?

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[quote=Anonymous]DH lost a significant amount this year stock picking in an ETrade account for retirement. His 401k is index funds but he followed Motley Fool with a bunch of overvalued tech companies and that account is down at least 50-60 percent YTD .. possibly more. He won’t tell me. I knew because he did the same to my personal 401k. We lost A LOT. Late 30’s. Some of these may recover like Airbnb and Amazon but some may not. Some are down like 85-90 percent.

After doing a little research I told him at this point forward I want him to just put any money into the S+P 500 index fund. 
We have about $200k cash sitting we got from a company stock situation. Luckily we had planned to use that for something that didn’t pan out so it’s been sitting in cash all year and was not put into this super volatile account!

Where should we put that if we may need it in the next 1-2 years?

What should our investing strategy be moving forward? Right now we have several hundred thousand in these individual stocks with no plans to sell but I told him we cannot continue this strategy. IF they are winners long term we have enough risk now. [/quote]

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