HI TERRY, IT’S OCTOBER 2ND. I SAW YOU ON THE NEWS THIS MORNING ON WGN. PLAIN AND SIMPLE, SHOULD I GET OUT OF THE STOCK MARKET WITH WHAT’S LOOMING ON THE HORIZON.
SAVAGE SAYS:Plain and simple, I never make a recommendation without knowing a person’s complete financial situation. And if you plan to live at least 20 years, I would typically suggest that you keep at least some money in a diversified, conservative stock fund — unless you can’t risk losing a penny. In that case, it belongs with “chicken money” — in safe, secure CDs — which are unlikely to match or beat inflation these days, since the Fed has it’s finger/hand on the scale of interest rates!