Fiscal advisers offer age-appropriate investment tips

Financial consultants are offering different advice to worried investors of different ages. They say young investors may actually want to buy stocks right now, despite the fear engulfing much of Wall

News 12 Staff

Sep 18, 2008, 11:19 PM

Updated 5,788 days ago

Share:

Financial consultants are offering different advice to worried investors of different ages.
They say young investors may actually want to buy stocks right now, despite the fear engulfing much of Wall Street.
"It's probably an excellent time to add," says Douglas Roth, of the Teaneck-based Financial Network.
According to Roth, history shows stocks are the best place to keep money over the long run and are the best protection against inflation. Older people nearing retirement should take fewer risks and be less aggressive right now, however.
Older, panicky investors should remember they could face severe penalties for pulling their money out.
Roth offers the same bottom line for everyone - invest in funds growing faster than inflation, but don't be too risky.
"You have to keep a good position in the fixed income for safety - that's your foundation. Have your growth investments well diversified," he says.


More from News 12
0:15
Police sources: Perth Amboy officer shot in Rahway

Police sources: Perth Amboy officer shot in Rahway

1:53
STORM WATCH: Cloudy skies with sporadic showers for New Jersey

STORM WATCH: Cloudy skies with sporadic showers for New Jersey

0:22
Biden agrees to assemble Presidential Emergency Board to help end NJ Transit labor dispute

Biden agrees to assemble Presidential Emergency Board to help end NJ Transit labor dispute

1:46
Lead chunks wash up along Keyport shore

Lead chunks wash up along Keyport shore

1:35
Manchester police release 911 calls made by woman who was shot by boyfriend

Manchester police release 911 calls made by woman who was shot by boyfriend

2:12
Gov. Murphy facing time crunch in decision for Menendez replacement

Gov. Murphy facing time crunch in decision for Menendez replacement

0:20
U.S. attorney: British citizen pleads guilty to child porn possession, intent to engage in illicit sexual conduct

U.S. attorney: British citizen pleads guilty to child porn possession, intent to engage in illicit sexual conduct

1:50
Lead pipe replacements for thousands finally begins in Paterson

Lead pipe replacements for thousands finally begins in Paterson

1:38
What are the dog days of summer?

What are the dog days of summer?

0:15
Officials: Hudson County man gets 45 years in prison for 2018 homicide

Officials: Hudson County man gets 45 years in prison for 2018 homicide

1:13
 Water main break halts Route 37 traffic in Toms River

Water main break halts Route 37 traffic in Toms River

1:39
Newark Liberty International Airport travelers still impacted by worldwide outage days later

Newark Liberty International Airport travelers still impacted by worldwide outage days later

0:34
Authorities identify driver killed in Route 3 truck crash and explosion in Clifton

Authorities identify driver killed in Route 3 truck crash and explosion in Clifton

0:56
Attorney General's Office: Driver was person who died in East Orange multivehicle crash

Attorney General's Office: Driver was person who died in East Orange multivehicle crash

2:06
Union City residents react to news Sen. Menendez is resigning

Union City residents react to news Sen. Menendez is resigning

0:18
NJ man faces up to 5 years in prison for stealing air conditioners from shopping center

NJ man faces up to 5 years in prison for stealing air conditioners from shopping center

1:26
Son finds his mom stabbed to death in their Edison home; suspect charged with murder

Son finds his mom stabbed to death in their Edison home; suspect charged with murder

2:10
July 24, 2024 drought details and comparison for New Jersey, New York

July 24, 2024 drought details and comparison for New Jersey, New York

0:31
Prosecutors: Palisades Park police officer arrested for assaulting woman multiple times, child endangerment

Prosecutors: Palisades Park police officer arrested for assaulting woman multiple times, child endangerment

1:46
Jersey Shore deli owner, infectious disease doctor explain how to keep safe from listeria amid outbreak

Jersey Shore deli owner, infectious disease doctor explain how to keep safe from listeria amid outbreak