By Jody Chudley Last week, we had the biggest stock market drop in months.
I took the opportunity to remind my parents that they shouldn’t panic when the stock market sells off… they should root for it.
In fact, the further the market falls, the better it is for them.
Let me explain…
My parents have built a portfolio that is skewed toward term deposits and savings accounts. They’ve worked hard and saved religiously.
Their parents, who went through the Great Depression, taught them that term deposits and savings accounts were the most secure places to invest their cash.
They have some exposure to the stock market, but not …read more
