Advertisement
A blog about healthy finances
Dollars and Sense

August 2008

When the Going Gets Tough... the Tough Go Shopping!

08/13/08

When the Going Gets Tough... the Tough Go Shopping!

Is there anything better than finding a fabulous new outfit to wear to a special event? But of course, it’s a fabulous outfit on the sale rack at 25 percent off! So, let me ask you this question—would you leave it on the rack and wait for it to go back to full price before you buy it? Or would you snap it up and then buy a pair of shoes to match? OK, this may sound like a silly question with an obvious answer but let me try to add some perspective to the concept of buying into a falling market.
When the market is in a period of decline you may want to think of it as being ‘on sale’ and use it to your advantage. Let’s consider, for example, that you are regularly investing in an IRA or 401(k). At specified intervals, perhaps once or twice a month,...

Posted at 03:23 PM | Permalink | Comments: 0

Advertisement
Advertisement