Stock market
I saw you on WGN today and you talkied about the Stock Market. I only caught the end of it. Can you please tell me what you said about it? 80% of my retirement is there.
Terry Says
I said that if you’re older, retired, and no longer contributing — but just trying to make your retirement savings last as long as you do, and with the stock market at all-time highs, you might consider moving a significant part of your account into the money market fund option.
You might miss out on some gains, but that money in a money fund won’t decline when/if the market does. That should let you sleep better!
And I mentioned that famed investor Warren Buffet has accumulated a $384 BILLION cash hoard (T-bills, money funds) highest ever. So if you don’t follow me, maybe this legend’s actions should be a motivating force to look closely at your stock market exposure!
