Speculating on the Future

James Picerno submits: Yesterday’s huge tumble in the stock market has spread fear far and wide among investors, your editor included. But focusing on the here and now isn’t the answer. This too shall pass, but not anytime soon. What’s a strategic-minded investor to do? Nothing at the moment. If you haven’t been trimming back on risk in your portfolio, now’s not the time to start. Easy to say, tough to do. But investing isn’t easy and panic selling is never the answer. Yes, those are just words, and it’s slim comfort when you look at your investments and see only red. But keep in mind that people like Warren Buffett, and institutions like Citigroup (C) and JPMorgan (JPM) have been buying while everyone else is selling. Why? Because they’re looking forward, several years down the road. Complete Story »