In this unpredictable market, what’s the average investor to do? Find out from personal finance expert Suze Orman.
What should personal investors do who are rattled by the market’s slide?
Investors, you want the market to go down, down down, says Orman, if time is on your side.
I’m not talking fast money, I’m not talking about trading. I am, however talking to the ladies, replies Orman with a wink and a nod. We like to buy things on sale. And as the stock market slides, you can really get a bargain.
However, you have at least 10 years or longer until you need the money, she counsels. If you need the money next year, say for your kid’s college tuition, then this is not the market to be in.
What do you recommend?