How can I recover from losses in my IRA?

I am trying to invest today to help my son in the future. I put $2,000 into an IRA, but between the fees and bad investment decisions, it has been losing money and its' value is currently below the initial deposit. Is there anything I can do to minimize or regain my losses? Can I move it to another investment vehicle to save what is left? What strategies are out there for how to recover from this and how should I reevaluate my savings strategy?

Financial Planning, Asset Allocation, IRAs
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August 2017

A great strategy is to ensure you have the following elements:

  • Broad diversification (e.g. ETF portfolio with stock and bond allocations)
  • Low fees and expense ratios
  • Tax advantaged account (e.g. Roth IRA)

Historically, a properly balanced and managed portfolio can increase in value with the market while cushioning downside risk. Your funds can be managed for you in a low-cost ETF portfolio at Betterment.

August 2017
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August 2017