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Article: Investors Look for Safer Alternatives As Stock Market Continues to Lose Value.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 24, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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St. Louis Post-Dispatch Knight Ridder/Tribune Business News
Jul. 24--Wilbert Moll is watching -- and waiting. Despite the poor performance of the stock market, the retired sporting goods manufacturing representative from Creve Coeur is not ready to call it quits.
The market eventually will recover, Moll figures, and once it does, he will move some of his money into bonds.
"There's no doubt I should have invested more in bonds in the first place," said Moll, 75, whose portfolio mostly contains stocks.
Moll may be willing to wait. But the stock market's free-fall of late has sent some investors scurrying toward safer, more reliable ...