Chicken money?
Terry , I get a pension check every month and have health insurance thru my former employer. like everyone else the Market has sucked money from my long term funds. I an 50-60 % stocks. should I just hang in there? we are making our bills every month. I am 63. can you explain chicken money again? thanks Dennis
Terry Says
Here’s a link to a column I wrote called “Chicken Money Now” written on December 18, 2018 — over a year ago when I first got worried about the length of this bull market.
If you are no more than 50% in stocks, where is the rest of your money? If it is in bond funds, those investments could be vulnerable in a recession — when some bonds will not pay the promised rate. Please read this column from four weeks ago, called Beware of Bonds.
Build up some money in bank CDs or a Treasury-only money market mutual fund.
