How God Affects Your Portfolio (Part 1): Fear, Idolatry, and the Money Market Mantra

Dow Jones Industrial Average

Image by ftosete via Flickr

“Stocks plunged Thursday in their single worst day since the 2008 financial crisis,” reported CNN Money yesterday.  The article continues, “The Dow tumbled 512 points — its ninth deepest point drop ever — as fear about the global economy spooked investors.”

Now, I have been told by businessmen, financial advisors, and stock-market gurus to buy low and sell high. I am no expert, but it seems like the people who are selling after the plunge has begun, even after it has erased all of their gains for the year, are ignoring this advice.  The question I have then is, “Why do the experts often not follow their own advice? Read more of this post

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