Uncertainty clouding your money moves? Here's how to sort things out - StarTribune.com
While some people are focused on the deficit and concerned about how it may create inflation, policymakers will not pay attention to either.
So what do you need to decide? Decide how much risk you are willing to take regarding how you want to live and where you want to live. Create congruity between your spending and giving and your values.
What are the things on which you need to act? Interest rates are going to stay low, so utilize debt to your advantage. If you haven’t refinanced yet, do so.
If you are contemplating selling some investments for purchases, consider using a small amount of margin (loans against your investments) instead, and don’t hold more in cash than you need to for emergencies.
While the stock market is certainly not cheap, if you don’t need the money for at least three years and your job is secure, you may be better owning a mutual fund or stocks that pay consistent dividends than keeping money sitting idly in a money market.
Be prepared for the health care marketplace to again change and get help in deciding what your best options are. And use the OODA Loop to stay in front of change.
Ross Levin is the chief executive & founder of Accredited Investors Wealth Management in Edina.