September 22, 2020

Bucks: For Those Still Wary of the Stock Market

Paul Sullivan, in his Wealth Matters column this week, went back to the strategists and advisers he spoke to in January, to see how their predictions have fared this year. Even considering all the turmoil in the Middle East and the Japanese earthquake and nuclear problems, they are all sticking with their forecasts that equities will grow this year.

One of the advisers, Richard Madigan, chief investment officer for J.P. Morgan Private Bank’s global access portfolios, suggested that one reason the financial markets didn’t fluctuate too wildly in the first three months of the year was that many investors were still sitting on the sidelines, holding on to their cash.

Are you among those investors — the ones who lost a lot of money in the financial crisis of 2008 and are wary of getting back in? What are you doing with your money now?

Or did you lose so much back then that you now don’t have the money to invest? Tell us your views in the comments section below.

Article source: http://feeds.nytimes.com/click.phdo?i=47afea15eb210660d05dd2aab572d392

Speak Your Mind