It’s that time of year again! Like many other families, ours is focused once again on the school year. Everyone’s going to school somewhere, from the first-grader to Mom the teacher and Dad the grad student. The family pace picks up quickly it seems, and the summer routine is reshuffled once again.  Where saving and investing is concerned, it seems many of us are going “back to school” as well… many questions loom as to where the stock market and interest rates are headed and where to put one’s money. I don’t know about you, but when I find too many questions and not enough answers, I go back to the basics. From the action on treasuries lately, I imagine many banks and fund managers are focusing on basics as well lately. For our personal strategy, paying off debt is a great way for earning a sure rate of return! I’ve got a couple loans around 6% that I’m working off right now. Of course, being disciplined about monthly savings and investment allocations is also a positive strategy over the long-term. So it’s time to return to the basics and leave the larger questions for the pundits and economic experts. I’m also trying to increase savings for the 2008 Roth IRA contribution beginning in January. I don’t know where the market is headed but we may see some excellent buying opportunties ahead. For those with a disciplined monthly investing strategy, dollar cost averaging will work in your favor. For now it’s time to hit the books again…
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