Archive - September 30, 2008

Making the Best of a Bad Situation

Making the Best of a Bad Situation

Congress voted down the Troubled Assets Relief Program (“TARP”) legislation, much to the chagrin of the financial markets. At the moment, the markets continue to be in distress, despite a “dead cat bounce” in stocks today. What should you be doing in terms of your household finances?

If you’ve already established a diversified investment portfolio that fits your goals, your situation, and your tolerance for risk, sit tight.  This is not the time for making big moves into or out of your investments.  The stock market is likely to swing wildly for a while until there is confidence that the …

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