This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Personal-Finance Moves to Make in 2010

BOSTON ( TheStreet) -- For most, 2009 was a year to forget.

Wall Street imploded. Retirement savings evaporated by as much as 50%. Unemployment cracked 10%. Crooks bilked investors out of billions with modern Ponzi schemes. "Too big to fail" meant massive bailouts for some institutions, but a death knell for others. Credit lines were tighter than the jeans you wore in college.

The silver lining, if there is one, is that the lessons learned during the past year can be used to set the stage for a prosperous, or at least safer, 2010.

>>See Cramer's New Dividend Portfolio

Here are a few considerations for the New Year:

Assess your risk tolerance

Nothing ventured, nothing gained. That rule of thumb is a double-edged sword for equity investing. Making the most of a post-recession bull market means sticking your neck out and taking some chances, but the trade-off between risk and reward can be tricky. As one financial adviser recently confided, it's frustrating when clients want better-than-average returns while demanding the safety of bonds.

You can't have it both ways. Anyone who so much as dabbles in the stock market needs to fully understand his risk tolerance. Assume the worst and, if you can live through it, plunge in with hopes for the best.

Do you consider yourself conservative when it comes to financial matters or are you more of a risk taker? Does every dollar matter to you or are you able to shake off a 40% loss and chalk it up to "win some, lose some"? Did the crash of the past 18 months influence how you view your tolerance for losses?
1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GLD $123.65 0.00%
JJC $26.35 0.00%
PGM $22.70 0.00%
SLV $16.98 0.00%
SCHW $28.41 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs