An investment policy statement is a short written plan for your money: goals, risk, target allocation, rebalancing and what to do when markets fall.
Many long-term investors check once or twice a year and rebalance only when an asset class drifts about 5 percentage points from its target.
Age is a shortcut for time horizon: younger investors often hold more stocks, then shift toward bonds and cash as goals get closer.
"Index fund" is a strategy and "ETF" is a structure. The real differences are trading, minimums, automatic investing and tax efficiency.
Investors are very fearful right now. Historically, Extreme Fear has often been a contrarian buy zone, though readings can stay low for weeks.
Source: CNN Business Fear & Greed Index
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