Reviewing this Week’s Hard Truth about Money and Personal Finance

Wall Street Pushes Hurricane Ike to the Second Page 

This week has no doubt been a record-beater in the volume of money and finance news that has pushed its way to the front pages of print and electronic news publications.  The people still struggling with Hurricane Ike have been pushed to the second page.  Read more

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