Investing During Tough Times

By: John Moooney
By: John Moooney

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A shaky economy, war tensions, terror threats and a lousy stock market. It could make you act irrationally when it comes to your investments. Experts say don't fall into the trap of these deadly sins.

  • Don't lust for safety--people are piling into bonds and rates are lousy. It could cost you.

  • Don't overreach for yield-- High yield bonds and funds are also riskier. You could lose your money.

  • Don't try to "play" the war--It's impossible. You are not likely to outguess the pros.

  • Don't give up and sell everything--the last time things looked this bad was 1991-an historic 9-year bull market followed that. Stocks look to the future.

  • Don't ignore your investments-Denial can cost you money. Double check to make sure your investments make sense.

  • Remember that fear and greed dictate short term stock prices. When people are greedy, it usually pays to be fearful. And when people are fearful its almost always paid to be a little greedy.

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