Chicken money vs stocks
I am 74 and worried about high inflation and stocks dropping. I cannot afford to loose money. What should I do?
Terry Says
Put most of your money in a money market deposit account at a bank — FDIC insured. You won’t earn anything, but you wont’ lose anything! As a reminder, stocks beat inflation over the long run (at least 20 years) in general. But at 74, you might not have the time or patience to ride out a volatile stock market.
