money saving tip

@RobertB197178, even though your suggestion is a good one it is not very timely.  We are at the end of the longest and biggest bull markets in US history.  It is unwise to put your wealth into the market at the end of a bull market.  The market has increased 300% since 2008.  The problem is, what goes up will go down.  I have been taking money out of the market for over a year to take profit.

The huge issue with investing in the market is you need to know how the market works or you are just gamboling with your money.  There is always a element of risk but the less you know the greater your risk. 

My advice is to wait until after the market crashes to put new money into the market.  I would only invest in a few index funds. Only use a broker who will buy a solid index funds.  You may be better off investing through your 401k.  The investments are usually concervitive but may make you more money than bonds when there is a bull market.  What you need now are safe investments if you are an AARP member.

@Anonymous Thanks for your positive replies. I will answer your first question yes and no. For the folks that are still working, accumulating assets and are years (maybe 5 to 10) from retirement, the answer is clearly "yes". More importantly, they need to stick with their asset allocation strategy based on their individual plan for retirement and not try to time the market. For folks that are near or in retirement, the answer is "no". Principal protection should be "mission critical" inasmuch as investments that fluctuate in value (i.e., due to stock market correction, etc.) especially at that point in time may affect their income streams in retirement. There is no fun with losing money especially after one stops working and is no longer on the payroll. For folks that have secure retirement income streams providing adequate income, investing with a long term view is an appropriate strategy. Should they incur a loss after all is done, their retirement is not affected. Without knowing anyone's financial profile, I would advise all folks/readers to initially focus on building an emergency fund with an FDIC insured Bank or an NCUA insured Credit Union.

Second, I think mortgage interest rates may increase in 2023. If I am guessing correctly, the Housing Market should slow down. I do not know how that will affect rentals in Florida. Generally, Housing/Residential is more local than national. Perhaps touching base with Florida realtors that offer rentals may provide some info regarding location, costs and availability. Hope this helps.