Now is a good time to reflect on the topsy-turvy economy of 2011. You may want to forget the past year if your portfolio declined or you lost your job. But you can benefit long term by learning valuable financial lessons from the year that’s ending.
Many people dream of a steady job. I had one. For almost 30 years, I collected a regular paycheck as a reporter for The Dallas Morning News. When I resigned two months ago, my income became less predictable. Have I panicked at the uncertainty?
With the stock market fluctuating wildly, it’s easy to panic. Who likes seeing their net worth drop by thousands in a single day? Yet some investors manage to remain relatively calm even in these turbulent times. What are their secrets?