market meltdown

[John S. Rabi]

quote:

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I would do like I did, and get out of the market quick, and put it all in CDs or similar. That will avoid the roller coaster stress and potential huge losses.

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Putting your money in a CD is a sure way to lose money. You get 5% annual interest, you pay tax on it and in the meantime there is a 4% inflation. Your starting principal is worth less at maturity six months later.

Aloha,
John S. Rabi, ABR,CM,CRB,FHS,RB
http://www.JohnRabi.com
Typically Tropical Properties
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