Enter multiple symbols separated by commas

Where to Put Your Money Now

With nearly every investment sector reeling, this recession has been an equal-opportunity destroyer of wealth. As our losses continue to mount, where can we put our money (other than the mattress)? Two financial advisors weigh in:

Ivory Johnson (CFP/Scarborough Capital Management): The only incorruptible form of money is gold. It’s a hedge against U.S. government debt being downgraded and is safer than any currency right now. You can buy gold bullion through an ETF like the GLD. Do not buy gold mutual funds.

Doug Flynn (CFP/Flynn Zito Capital Management): With the market this low, you want to be a net buyer of equities and equity mutual funds. When the Dow creeps back to 9,00, this won’t be true, but since it is retesting the November lows right now, we have a buying opportunities on our hands.

Contact Personal Finance


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.
  • Partner content