Diminish Fears about Wall Street

To diminsh fears about Wall Street given the recent horrific news about the tsunami and earthquake devasting Japan as well as other world events occurring in the Middle East, it's important to understand commentary from others. 

CNBC's Talking Numbers provides an interesting assessment of the Japanese market. 

Brent Arends of the Wall Street Journal writes an interesting article on The Dow's Plunge: Should You Be Worried? 

Individual Investor Sentiment is at a lower than low norm. 

Even Valueline is commenting on inflation concerns that are mounting.  Seeking Alpha provides a nice article on the Inflation Scorecard. 

When it comes to investments and savings, there is a lot of concern, and rightly so when it's your hard-earned dollars at stake.  Many invest and save without fully understanding the financial product or service that they've invested in.  Once understood, rules, pricing and regulations change such that updating this information is important.  For example, mutual funds are notorious for charging fees and issuing hidden costs.  It is important that you research these products and get to a financial advisor who will not charge you an arm and a leg.  Educating yourself is important, and I often refer to the fact that Oprah Winfrey refuses to allow anyone to write her checks without her knowledge (i.e. she is actively involved with the financial management of her affairs).

While I am certainly not gaining monetarily off of this blog, I aspire to present topics and cases of relevant interest to the subject at hand.  There is information overload from various sources on the Internet, and it is easy to become confused as to what to do.  Being in the military, it's easy to check-out of this understanding because of frequent moves, international living or life happening that prevents you from understanding relevant issues concerning your investment and savings.  Automatically investing in the TSPs is a no-brainer; however, military members should be concerned and ask for more information about their investment.

It is wise to invest.  It is wise to invest in a product or service that will allow you to feel comfortable and be able to sleep at night.  It is wise to have your spouse feel comfortable especially when the military member deploys.  If you obtain knowledge and self-educate, then you will diminish your fears with what occurs on Wall Street the next time you hear the financial report on the evening news.

Disclaimer:  This article is the opinion of the person writing it, and any financial decisions made as a result does not make the writer liable for any action taken. The author is not gettting paid in providing this article.  Please consult your personal financial advisor for more information.