The general feeling is the stock market peaked in late September and we will have a slowing economy in 2019 and a recession in 2020. So most of us in the investing club in the senior center just bailed out of the stock market and are now in CD's paying about 3%.
Most of us are taking out about 4% a year so we will lose a bit of money for a couple years. But once the stock market reaches a more normal level, likely in 2021 after the 2019-2020 Bear Market we will cash out our CD's and go back into the stock market.
For just retired folks in our sixties, it seems like a good plan. Agree?
Submitted November 18, 2018 at 06:09AM by KillingTime56 https://ift.tt/2OPfyUT
