Posted on August 11, 2011

People on TV are saying jump on into the choppy waters of the stock exchange and buy.  They tell you that old story – the market goes down but it also goes up;

The problem with this is that it has been going up and down recently nervously reacting the the latest news.

We are in uncharted territory.  We haven’t tested the bottom yet.  So much that has to improve before the market works itself back to more stable territory and many major issues such as joblessness will not be worked out anytime soon.

Senior citizens especially should take precautions to protect principal.  Park any cash you have in a savings account – even at .02% interest.  Remember until the market levels out, you especially need to protect principal because you may not have time to make it back.

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