A common question right now is should I keep putting money in mutual funds or should I just hoard cash in the bank in either a savings account or CDs?  People are looking to protect wealth, much more so than just increase wealth in these crazy times.

As always you have to do what makes you feel comfortable. If having money stashed away in an FDIC insured accounts sounds ideal to you then do it.

If you are nearing retirement or needing any of these funds within the next 5 years you may also want to stick with the savings account/CD route.

Personally I am viewing mutual funds as on sale right now, so I am still putting money in the mutual funds. I am rather young and do not need this money anytime soon so I am ok with the possible loss of some of this money.

There is no wrong way to approach this situation for how to allocate new funds for investing.