Where To Invest Your Money

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By Scott Sarvay

Story Published: Mar 6, 2009 at 5:15 PM EST

Story Updated: Mar 6, 2009 at 5:15 PM EST

FORT WAYNE, Ind. (Indiana's NewsCenter) - As the financial issues worsen, many local financial investors have had to redefine exactly what a "safe investment" is for your money

With the stock market and real estate in steep declines, many have gone to the safety that comes with cd's, fixed annuity's and municipal bonds.

But while cd's may be safer, financial experts caution against locking that money up for long periods of time, since the interest rate you'll be earning now is so low.

Tim Rooney with Stifel Nicolaus says, “We never thought we'd be looking at times like these, but you have to look at what is safe. I would advise against going longer than 3 years with cd's, since the current rates are so horrid.”

Rooney says recent numbers show fewer Americans are invested in the stock market than before.

He feels Wall Street is waiting to hear a financial plan before the markets rally.

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