I’ve inherited a little money, not enough to get excited about but enough to want to be careful about where to stash it. I’m trying to be wise and conservative in dealing with it, and am reading as much online material as possible to educate myself. This includes day-to-day market analysis and economic forecasts.
These pundits are going to drive me insane. Every time the market tweaks a little one way or the other, someone is forecasting doom and destruction or frothing-at-the-mouth prosperity. Then they recant and go hallooing off in another direction with the next edition. Even if some economic writer is honest about his or her inability to time the market, they can write several long-winded paragraphs which realistically boil down to “Huh. Dunno.”
So, so far I’ve just diversified up my investing among CDs, savings and conservative index funds. I did buy a few stocks, but I’m too chicken to risk much at that.
Where’s the Advil?