DblDoc
Thinks s/he gets paid by the post
- Joined
- Aug 11, 2007
- Messages
- 1,224
An interview with Liz Ann Sonders on Tech Ticker. The interview is worth watching, some bullets below.
DDLiz 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.