Smart investors keep their cool - Part 1
With every dip in the stock market, your inner voice urges you to sell. And as the markets become more volatile, the voice gets louder. Here are four reasons to ignore it:
No. 1 Your brain is wired for panic
Don't give in. Professional investors have many clever computer models for assessing risk. But even those brilliant machines misjudge risk from time to time (as in the sub prime meltdow...Smart investors keep their cool - Part 2
The stock market goes up and down. To make money you need to capture the upward movements. The only way to do that is to stay invested, especially in dicey times.
Don't kid yourself that if you flee stocks now, you can slip back in just in time for a rebound. Volumes of research have proven that not even the pros can time the market with any consistent success. Focus instead on the fundamental...
Don't let thieves steal your identity
In the last five years, millions of Canadians and Americans have had their identity stolen and experts predict that even more will fall victim to identity theft in the next five years.
According to the United States Federal Trade Commission, identity theft is the fastest-growing crime in the country. It cost businesses and consumers more than $56 billion in 2005, and most people do not discove...
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