The stock market is down, major corporations are slashing costs and employees, and yet consumers continue to spend, spend, spend. How do they manage to keep going? Economists say much of the spending boom is due to a huge wave of mortgage refinancing. Homeowners are taking advantage of a recent spurt in housing prices and lower interest rates to refinance […]
Should you do something when stocks drop?
I have recently been asked by several friends, “Should the financial aftermath of the infamous terrorist attacks of Sept. 11 change my investment and financial planning?” Some investors have the feeling that conditions have changed so radically that they should rethink their plans. For most that may not be true. Here are some questions to ask yourself: Have my goals […]