While it is important to save for a general emergency fund, some people find it is easier to save with a specific goal in …Read More
The original version of this article was published November 15, 2004 under the title “Retirement Wisdom Part 4 – Adjust Risk Appropriately.” Time-sensitive numbers are relative to the original post date.
When the market is doing well it seems as though investing is strictly about the wisdom of knowing where to plant, when to water, and having the patience to wait for it to grow. But in fact in both good times and bad times, investing is really about managing your emotions. If you want to be an investor, you have to grow to understand not only the relationship between …Read More