Stay up to date with the latest personal finance developments, financial planning advice, investment news and retirement planning tips from our team of certified financial planners and experienced wealth advisors here in New York City.
After a week where stock prices fell 12.9% from the all-time high set just 7 trading days ago, why are we so sanguine? Are we just idiots here at Heron Wealth? No, we are students of stock market history, which gives us the tools to properly evaluate the "gravity of the situation."
Read MoreQuestion: I have about $93,000 invested in non-retirement mutual funds. I have been considering trying to time the market by selling these funds when I sense a bear market approaching (incurring a $1,700 capital loss) and then buying the same funds at a cheaper price once the bear market has arrived. I have no debt and an emergency fund. Is this a good strategy, or too risky?
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