With all the hype regarding the pending spending cuts how will we survive? If you listen to the media, this is much worse than the Mayan calendar coming to an end. Any way you look at it, our country is deep in debt and it will likely be painful when it comes time to really fix it.
With all the hype regarding the pending spending cuts how will we survive? If you listen to the media, this is much worse than the Mayan calendar coming to an end. Any way you look at it, our country is deep in debt and it will likely be painful when it comes time to really fix it.
What’s a person to do…especially if they have investments or retirement accounts in the stock market? It’s quite simple. Focus on the right things and what we can control.
Three Simple Rules
- Own Equities (at a level of risk you’re comfortable with long-term)
- Diversify Globally (make sure you’re really diversified, don’t just assume you are)
- Re-balance Regularly (have a process in place to ensure it happens on a disciplined basis)
That’s it. When it comes to investing, if you’re utilizing a globally diversified portfolio as we do, you can turn off all the hype and enjoy the day. Think about the Mayan calendar hype and how that turned out and smile. The sun will shine tomorrow (at least somewhere).