Earn What You Spend

If there is one subset of people who feel particularly taken advantage of during this crisis, it is those who bought homes in gentrifying/fringe areas, where they expected economic development to continue and the area to become increasingly safer.  New York City offers many historical examples of this successful gentrification - those who held onto property during [...]

If you haven’t read it, do it now:
http://www.nytimes.com/2008/10/17/opinion/17buffett.html
Buffett has some excellent points:
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.
…
Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks [...]

The wild swings in the stock market continued today, with the Dow Jones posting its second largest drop in its history.  That’s quite a fall.
And this comes on the coattails on Monday’s news - which saw record gains. 
Today’s drop was precipitated by a number of factors - bearish remarks by Ben Bernanke, continued fear about [...]

Is it time for a buying spree?  JD has an excellent post that tackles this and other timely investment questions.  Everyone is asking the same thing: what should I do?
His conclusion is spot on:
I believe that for the average long-term investor, the best course of action right now is to make regular scheduled purchases of low-cost [...]

If we learn anything from days like today, it’s that the market is fickle:

Source: Google Finance
Short-term investing in the stock market is a legal form of gambling - the market is simply too prone to wild swings like those from last week until today.  We saw some spectacular gains today, but it is easy to [...]

Make no mistake, this is a terrifying time.  It is unlike anything I’ve seen in my lifetime.  At the heart of it is a lack of confidence and a deep uncertainty about what will happen next.
The President addressed the nation this morning:
“The United States government is acting; we will continue to act to resolve this [...]