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Where to Put Your Money Now

Wednesday, 8 Apr 2009 | 11:26 AM ET
Where to Put Your Money Now
Doug Flynn, of Flynn Zito Capital Management, and Joe Duran, of United Capital Financial Partners, tell viewers where to put their money now.

The wild ride on Wall Street continues. Less than a month ago, the Dow had dropped to 6500 and then rocketed back again to the 8000 level – clocking its biggest four-week jump since 1933 – before dipping lower.

The craziness begs the question: where in the world should you put your money? Two of our money advisors answer below.

Invest in high-yield bond funds that have yields in the 15 percent range or higher. We own these for our clients. –Joe Duran, CFA, United Capital Financial Partners CEO and Co-Founding Partner

I still like municipal bonds and high-quality corporates on the fixed income side. Yields relative to treasuries are outstanding. In February on OTM I mentioned I liked equities at those prices, but the market has run since then. I would be a bit more cautious there now. It's just not worth the extra risk unless your goals are really long-term. Then, just dollar cost average it in. Do not stop adding to your 401(k)s! –Doug Flynn, CFP, Flynn Zito Capital Management Founder


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