We're contining our week-long series on saving money in these hard economic times. Tonight we're talking about investments. We wanted to know what are the best and the safest to make now in a poor economy.
Joe Gregory is a financial advisor with Edward Jones. He says there are a few things you need to remember when investing: First buy quality, meaning invest in stable companies that have been rock steady for at least 25 years. Then diversify your investments by spreading your money throughout all sectors of the market. Also think longterm.
"Don't panic...that would be one thing because when you panic...if emotion is involved in your decision-making, that can cloud your judgement. Don't predict and don't get caught up in the hype."