And he says to hold your cash and stay out of the stock market.
I haven’t been doing that, in fact we’ve increased the amount of mutual funds in our portfolio. We do keep more cash than most people think we should, though.
Might want to take his advice seriously, though. The market has been really unstable lately. I happen to think what happens in November might help settle it down, assuming Republicans regain control of the house. Gridlock is good for the market.