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Seriously, if you have 10 or more years to retirement, and are well diversified in your portfolio, you should ride out this mess just fine. Diversification is the key here.
And bank CD's are paying 4% or more so they can be a good place to store some cash temporarily. If you have lots of consumer debt, pay that down first. The market does this every few years and then goes strong for a few more. Enough of these cycles and you should come out ahead.
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