Investing Your Money
"This is the bottom line for people who want to invest and know they have to invest but are a little bit frightened," says Jim. He says that although the market is not great right now, if you are going to invest your money, you should be as diversified as possible. "I don't want people to get excited about a market where there is just so little good happening right now." Jim says that having a little exposure to the market right now is the best idea because of the current state that the market is in.
Jim also says that would-be investors should consider a long-term outlook. "Short term investing is going to be very frustrating," Jim says. "Which is why I tell people if you have a 10- or 20-year perspective, don't even fret this— just try to capture the long term value of equities because it's too hard out there right now."