Detailed text transcripts for TV channel - FOXNEWS - 20120617:15:44:00
Cash and stock market. you need to take a longer-term view and create a properly balanced portfolio. >> jamie: all along, we have been told, if you diversify, you will be okay, you will make it through anything, a recession, even the situation overseas. but this seems to be more serious? >> let's look at the advice, first. people go to diversify. they picked last year's winners. they come in with a portfolio, they own seven international funds. that's not diverseification. you need to have a broad-based portfolio. the second thing is that we have gone through many crisis, look at '08, october,...
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