Geoff's Investment Tim Geoff recently graduated from a state university with a degree in art history. He has no student loans and has saved $7,000 toward retirement while in school. He's heard rumors about the stock market being unstable right now, and he has friends his age who have seen their investment accounts go down in value. Geoff has decided to keep his money in a savings account until mutual fund returns look better; then he will invest the money. 1. Did Geoff make a good decision to keep his money in a savings account until the market goes back up? Why or why not?
2. If he did put his money in the stock market instead of take it out when the market goes down?
3. For long-term savings, what is the better option: Keep your money in a savings account or invest it into the stock market?