Investing legend Burton Malkiel on the sell-off: Sit tight and don’t try to time the market

"Eventually, we're going to have treatments. We're going to have a vaccine. Eventually, we are going to have stimulus. Maybe not before the election, maybe not before even a new administration, but it'll happen," Malkiel said.

Instead, Malkiel suggested they "stick with index funds," emphasizing that those who try to predict the market's direction "won't be able to do it." "If you're in an index fund. You've got growth and value. You've got, if it's a broad-based index fund, ... small cap and large cap," he said. "You'll never be able to predict when one is going to be in the ascendancy and you're much better off to just be broadly indexed in a very low-cost index fund."

InvescoUS This way he can get rid of his stock before the market tanks

It's been proven that following Fed action on interest rates beats the passive buy & hold strategy. That's buying stocks when the Fed lowers rates & selling when rates are raised. In between cycles? Day to day movements like yesterday are more to your point.

laughed at 'the sell off'

is it allright to listen to old white guys on cnbc

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