Reply To: scared of stock market, should I stick with the advise of financial adviser?

Home Forums Need Advice scared of stock market, should I stick with the advise of financial adviser? Reply To: scared of stock market, should I stick with the advise of financial adviser?

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Stacy JohnsonStacy Johnson
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The fees you’re being charged seem excessive. In addition, you seem to be risk adverse to the extent that I wonder if you should be in stocks at all.

The safe alternative to the stock market is the bank, although that isn’t particularly wise, at least for all your savings, since over time you’ll lose to inflation. Still, if you can’t tolerate risk, don’t take any. Eliminate the fees and the worry by investing in insured savings at the bank.

Literally putting all your money in a safe deposit box, however, would be crazy. Bank deposits are insured. That’s safe enough.