Has the Market Dug Its Grave? (Page 2 of 2)
Categories: Invest Wisely
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Stay the Course
So do Tuesday's huge rally and yesterday's Fed cut change our investment strategy? Not one iota! We still recommend that you:
- SELL into rallies, such as Tuesday's, to minimize stock and mutual fund losses.
- DON'T CHASE YIELDS. The higher the yield, the riskier the investment.
- Plug holes in your budget and START SAVING NOW!
Don't expect a "silver bullet" fix for our economic woes. It took some time to get into this mess and, with all the government interference in the free markets, it will take even longer to get out of this mess.
For more of our advice on what you should be doing now, click here to learn 9 Ways to Recession-Proof Your Life.
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