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Bring in Jim Lowell he's certainly got some ideas here he's editor of the fidelity investor -- -- there.
And I am here OK you've been listening all day long that everything here that's been going on best advice for people who are really worried about their 401 case.
Well the key is to ask yourself when -- -- need the money in order to be able to retire if it's three years or beyond.
You have absolutely no worries whatsoever in fact I would argue that this.
Market probably has lowered to go but it's building -- -- of the bill the bottom of the next three to six months.
And three years out from now you're gonna see a double or triple -- even you have to be 500 his.
Plain Vanilla index 500 investments so you have that minimum three year time line you're in fine shape if however you need that money.
Inside the next eighteen months and you haven't already built cash I still think -- -- -- -- the president.
To build that -- this is a market that's going to give us lower lows in the very immediate term.
Today we're focused on US financial service companies but let's not forget -- China.
Just cut interest rates for the first time in six years.
Really signaling that the dragon the driver of the global economy is cooling and that we'll have a net negative effect.
On earnings growth rates -- in the US.
Jim you mentioned cash were literally in an ocean of liquidity right now there's never been more cash.
On the sidelines than are already three and a half.
Trillion dollars in money market -- should we be following that cash and and wait until like cash begins to -- -- the market.
It's not a bad idea when I look at Fidelity's inflows into their money market funds.
It has always been a good predictor sort of near term safe haven.
When it begins to repatriated -- back into the equity funds that's typically a leading indicator the consensus momentum has shifted.
Towards the positive side of the investment spectrum.
It is clearly not there today it may not be there by year end.
And I think for our investors.
Who want -- way back and certainly you can begin to dollar cost averaging now.
But for people who need to cash for college loan for a down payment on -- home inside of the next.
Eighteen months I still think now is a good time rebuilding that cash.
Jim wolf thank you so much great to see it -- thanks a million.
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