One of our big challenges with the newsletter is that everyone thinks big stocks are safe. That's not true at all. They're only safe if the money is flowing there.
My advice to the average investor in 1988 is to be patient and think long-term. It will take 18 months for confidence to get better and, in the meantime, this is absolutely no place for short-term money.
I almost always recommend investors get fully invested, since it's better to put your money to work than to let it simply track the rate of inflation.
Large-caps were safe in 1996, '97, '98. Everybody was buying index funds and Nifty Fifty funds. As long as money was pouring in, it was great.
As a rule, bond funds will not double your money overnight.
All I'm trying to do is manage money and take care of my shareholders.