Start with a budget and save for the emergency fund. Also start an inhouse storage plan. Canned food, toilet tissue, tooth paste. Comes in handy in case all your money goes for new tires or dental bills. Start a Roth IRA at the bank not in the stock market. The bank is FDIC insured and your money is safe. Talk to the bank personal who sell certificates of deposit. They will have the information on bank deposit Roth IRA's. Roth IRA's are tax free. Tax free now and tax free when you retire. Also some of the money can be used to make a down payment on a house.So this is an investment for young people.

My 95 year old father recently lost about 20% of his (stocks and bonds) portfolio which he had invested through a local agency. We know we are facing long-term care issues with him in the near future. Should we ride this out (as the investment broker is advocating) or invest in something more stable, like CDs?