Doing Nothing Can Be a Strategic Response to a Market Crash

In my post of earlier this week, I described the tactical money moves I made in response to the failure of Lehman brothers.  This included a strategic decision to stand pat in our retirement portfolio asset allocations. 

Since then, the news has remained negative, with the U.S. stock market dropping another 4% on Wednesday and Asian markets continuing to fall as I am writing this.  These developments have caused Mr. ToughMoneyLove to question the wisdom of his decision to stay the course.  Indeed, am I insanely confident in our so-called “all weather” portfolio? Read more

Your Best Tactics for Tuesday after Market Mania on Monday

Use Bad Financial News as a Catalyst for Evaluating Your Money Strategies and Tactics 

If you read about Mr. ToughMoneyLove, you know that I am a baby boomer and self-proclaimed money strategist.  Being a money strategist includes facing up to hard truth in the form of bad financial news.  I use such news as a reason to re-assess the money strategies and tactics that support the financial goals my wife and I have established. Read more