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Some very sound advice
Old 03-05-2009, 06:31 PM   #1
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Some very sound advice

An interview with Liz Ann Sonders on Tech Ticker. The interview is worth watching, some bullets below.

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Liz Ann Sonders, chief investment strategist for Charles Schwab, says now is not the time to hoard all your money in cash and abandon stocks altogether, as tempting as it may be. Clearly that's not a viable long-term investment strategy.
Instead, Sonders advises:
  • Get a plan, it's never too late to start one or get your "old" one back on track.
  • If you're going to panic, do so "intelligently" by making incremental portfolio changes to reflect your tolerance for risk and time horizon.
  • Don't try to bottom pick the market.
  • Don't forget about savings when the bull market reappears.
DD
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Old 03-05-2009, 06:35 PM   #2
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I remember her when she was on with Uncle Lou (when she had that big frizzy hair). Good interview, she really makes a lot of sense, plus she is very easy on the eyes.
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Old 03-05-2009, 06:38 PM   #3
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Quote:
Originally Posted by DblDoc View Post
An interview with Liz Ann Sonders on Tech Ticker. The interview is worth watching, some bullets below.

DD
This depends on what stage of life you are in. If young, go head first in market, if about to retire, hmmmmm, if retired and in cash, stay in cash, if your holding are down, and retired or about to, hang in there.

She works for Schwab, if it were up to Schwab, everyone should take whatever they have left and invest in market, schwab can't lose, you can.

Experts have told us that even old farts should have a good portion in market, really??

The financials services industry is just that, an industry, there are other alternatives out there.

At present, we have no idea where we are heading, there may very well be good opportunity in the market, I think there is, but if putting your foot in means you ain't gonna sleep, better to sleep. A good nights sleep is priceless.

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Old 03-05-2009, 06:48 PM   #4
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Quote:
Originally Posted by jug View Post
This depends on what stage of life you are in. If young, go head first in market, if about to retire, hmmmmm, if retired and in cash, stay in cash, if your holding are down, and retired or about to, hang in there.

She works for Schwab, if it were up to Schwab, everyone should take whatever they have left and invest in market, schwab can't lose, you can.

Experts have told us that even old farts should have a good portion in market, really??

The financials services industry is just that, an industry, there are other alternatives out there.

At present, we have no idea where we are heading, there may very well be good opportunity in the market, I think there is, but if putting your foot in means you ain't gonna sleep, better to sleep. A good nights sleep is priceless.

jug
If you listen to the interview most of your points would be addressed...

DD
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Old 03-05-2009, 07:13 PM   #5
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She is a good one to listen to. But she left a lot of wiggle room in the clip. Basically said there is no one answer for all as to if now is a good time to invest. If you are young, probably so. If you are much older and need everything you have left, probably not.
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Old 03-06-2009, 07:09 AM   #6
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She does say that Panic is OK. That must be why they let her on TV.
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Old 03-06-2009, 01:48 PM   #7
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And yet more by Jason Zweig: http://finance.yahoo.com/banking-bud...e-Some-Control

He reiterates almost word for word Sonders' advice.

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