I'm new here and put my current circumstance in the newbie file.
I have an immediate need for info. Have consolidated all of my IRA's and CD's to Merrill Lynch. Accounts for about $200k and the broker wants to talk to me next week about diversifying. Other than the equity in my home, it's about all I have right now at 52 and no money coming in as I've been ill and can only try to work a few hours a day, if that. :confused:
I'm thinking I would be safer in this market time to put the cash in a short term CD, paying 4.5 in my area, rather than putting it into the market on his advice.
I guess I'm more a bear than a bull, so any advice you can share to help me decide would be sooo helpful.