By Elliot Raphaelson
From Tribune Content Agency
Investors in both the stock and the bond markets are understandably nervous. The Federal Reserve has indicated that until inflation is under control, it will continue to increase interest rates. As long as that happens, it is likely that both bond prices and stock prices will remain under pressure and may continue to fall in value. Most investors are not sure what action, if any, is best.
In late September, Burton Malkiel wrote a column in the Wall Street Journal with sound advice for investors both years away from retirement and in retirement. Malkiel has an excellent reputation in the investment field. He wrote an excellent book, “A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing,” which he regularly updates. A revised edition will be published in 2023….