Expert Answers Tough Financial Questions

BALTIMORE (WJZ) ― Question: "Do you think the market will get better? If so, how far in the future?" -- Betty, Calvert County, Md.  Answer: "The Fed indicated that it would take approx 5 weeks for the 700 billion dollars to be distributed to the institutions requiring funding. Without money, banks can't loan, businesses can't borrow and companies (stocks) wont prosper. Once these lending institutions have money to lend we may see improvement."  Question: "When the market recovers, should I sell my stock and get into something more secure? What are your suggestions?" -- Betty, Calvert County, Md. Answer: "Betty, I don't know your age, investment time horizon or purpose of the invested monies. All very important when making this kind of decision. As a comprehensive financial planner, I typically suggest beginning with a... [read full story]