Recommend this page to a friend. Our panel of experts answers your mutual fund questions. Despite the adage, the litany of bad news from Wall Street recently has prompted a sell-off as investors seek to park their money on the sidelines and wait for the game to swing their way again. Dow component Alcoa kicked off the first-quarter earnings season by beating analysts' estimates. PC giant Dell Computer also said it would meet its profit goals.
Financial advisers say the old advice is still the best and, unfortunately, the least followed.
He said investors should put as much as they can afford in the stock market, even if it means buying stocks on margin. High-technology stocks, trading at a fraction of the price they were a year ago, are particularly good buys, he said. Bart Schannep, vice president of investments at U.S. Bancorp Piper Jaffray in Tucson, offers a different plan. It has never made sense to put all your eggs in one basket, as we're learning from the high-tech stocks. He said he has not seen investors flocking to pull money out of their mutual funds.