r/economy•
NormanRB

Advice: Should I move my money into a money market or should I leave it invested in mutual funds?

So my wife has recently told me that she had heard from a show 'Financial Issues with Dan Celia' that the economy is headed for a big correction (down turn) in the fourth quarter. The host has started recommending moving large portions of investments into cash such as savings and/or money markets for at least 6 months. When I spoke with my investment handler they actually said the complete opposite and stated that their forecasts is that the fourth quarter will be a great quarter for investments and recommended that I leave everything put as is.

So with this said, we have no ties to Dan Celia who recommends moving towards money markets and cash. A bit of background on Dan Celia With my investor, it's about their getting their share from me to make their money.

Any thoughts? opinions? advice? Please, keep replies on a serious level.

Posted Jul 31, 2015, 11:54 PM UTC

43
Loading comments…