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Losing So Much Money You Can't Sleep? Take Less Risk, Says Wealth Manager

Posted Sep 23, 2008 10:23am EDT by Henry Blodget in Investing, Recession, Banking
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The Dow has taken a beating since last October's peak, emerging markets like China and Russia are faring even worse, and the dollar hit a seven-year low against the Euro yesterday. In this kind of investing environment, what's a wealth manager supposed to tell his clients?

Our guest, Matthew Tuttle, president of Tuttle Wealth Management, says it's all about setting emotions aside and developing an investing methodology that lets you sleep at night. If the volatility is keeping you up, you're taking too much risk. In such cases, Tuttle advises adjusting your current methodology and taking a hard look at what "long term investing" really means: 10 to 15 years.

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