How can a retiree avoid the roller coaster ride that is the stock market while still earning a decent return?
It is challenging and Blackrock's Larry Fink thinks that it really depends on the time frame.
While he does think stocks are expensive he wouldn't discourage owning them for the long term. If you need money three years from now, though, he wouldn't want to own stocks.
As to why interest rates are so low, Fink believes it is because we are going to be facing a deflationary environment for a long time.
