One day the stock market is down 300 points, the next it’s up 300; it’s a hard time to invest in the stock market isn’t? It’s like seeing a swarm of sharks in the water and trying to convince yourself it’s OK to jump in. I totally understand because I feel the exact same way. […]
Conventional Wisdom: Invest 15% Of Yearly Income Once You Are Out Of Debt
There is conventional wisdom that you should save and invest 15% for retirement. Where does that come from and will investing that much be enough for you?
7 Things You Shouldn’t Do In An Economic Crisis
Our economy is in a downturn, investments are tanking, and every day the market reaches new lows. It can be hard to stay focused through it all and not panic. Unfortunately it seems like most investors in the market HAVE panicked already, and their fear is self-fulfilling. They’re afraid the market will tank, so when […]
Is Your 401k Losing Money? DON’T PANIC!!!
With the economy in the middle of a giant plunge, it is getting harder and harder not to feel a little panicked when you watch your 401k balance drop by $10-20,000 or more. In the last 6 months my wife and I have watched our 401k do just that. A poll on CNN Money says […]
What Is Your Approach To Investing?
Learning To Invest A while back I talked about investing tips that we learned in our Financial Peace University class. Among the key things we learned was that you should be out of debt before investing (except mortgage), you NEED to diversify your holdings or risk losing it all, and only work with financial advisers […]
