Conventional Wisdom That No Longer Works
It used to be easy preparing your portfolio for retirement. The closer you got to retiring the more money you moved from stocks into bonds.
You did this for two reasons.
Using the Right Tools
I have a Craftsman tool set at home thatâ€™s served me well over the years. If I have a Phillips head screw thatâ€™s loose I reach into my tool box for a Phillips head [â€¦]
If youâ€™re in your late 50â€™s to early 60â€™s you may look back at the steps that you take now, to protect your retirement portfolio, as some of the best moves youâ€™ve ever made.
The markets have recovered [â€¦]
In the last week the DOW, the S&P and the NASDAQ have fallen 10 to 11% in value. The value of your retirement portfolio has probably fallen more.
That doesnâ€™t mean that markets move straight up or straight [â€¦]
China is devaluing the Yuan and itâ€™s not a pretty picture.
China has devalued the Yuan for the last 3 days causing massive volatility in world markets. As a consequence, U.S., European and Asian markets are falling and [â€¦]
If youâ€™re 5 to 10 years from retirement thereâ€™s a lot to be worried about these days.
â€śWhat, Me Worry?â€ť (Alfred E Neuman)
Apple, the largest capitalization stock in the country has lost $30 billion in value since February. [â€¦]
A few weeks ago I wrote a blog about protecting your 401-k from the mess going on in Greece as well as Europe. Since then the crash of the Chinese stock market has begun playing in the [â€¦]