Lon
Well-known Member
- Location
- Central California
The Dow has dropped dramatically this week. Now under 16,000. Are you worried?
With five-year CD rates hovering at just 1.19 percent according to Bankrate's most recent weekly rate survey, investing in CDs and excluding stocks from a retirement portfolio could add a few years to a saver's retirement plan as well as dramatically increase the amount they need to save.
Savers willing to be more aggressive with their investments run the risk of losing part of their savings but also may get better returns.
Over the past 20 years, between Nov. 15 1991 and Nov. 15 2011, the Standard & Poor's 500 index increased about 225 percent. But if you narrow the range to just the past decade the returns are decidedly lower -- the index is up 10.12 percent from the same date in 2001.
Whatever happened to investing in land??? :dunno:
Oldman...I don't like addressing you that way. Anyway I agree with you, don't invest any more than you can afford to loose.