So far we have done well with Asset Allocation and diversification. We put our money into our various savings, pretax and after tax through dollar cost averaging, and shifted money around as the stock market went up and down about every six months. So far so good.
My concern is the stock market is at record highs, the housing market is having problems and not only are we waging an expensive war in Iraq, there is a lot of grumbling about Iran now. Medical costs are an ongoing problem in the US. Occasionally I hear about the threat of a recession. And the stock market is very volatile if you pay any attention to the daily news.
I want to stay the course, but am having a little bit of a problem not responding to the current environment.
So my question is, has anyone changed how they do things in response to the current economy/politics/housing/healthcare etc. We have not so far, but I wonder if we'll come out the other side in good shape.
My concern is the stock market is at record highs, the housing market is having problems and not only are we waging an expensive war in Iraq, there is a lot of grumbling about Iran now. Medical costs are an ongoing problem in the US. Occasionally I hear about the threat of a recession. And the stock market is very volatile if you pay any attention to the daily news.
I want to stay the course, but am having a little bit of a problem not responding to the current environment.
So my question is, has anyone changed how they do things in response to the current economy/politics/housing/healthcare etc. We have not so far, but I wonder if we'll come out the other side in good shape.