Know When to Hold 'Em

Tom starts the episode with an off-key tribute to Kenny Rogers and suggests you hold 'em... and rebalance 'em. You need a plan that starts with your risk tolerance. Plus, why you need some historic perspective.

Our first caller expresses concern about his stable value fund.

Then, Tom and Don applaud a listener for taking advantage of the reduced price of stocks.

How far have bonds yields fallen recently?

An American Funds investor is concerned about the huge decline in his funds' value.

Why you need bonds in your portfolio and how bond funds work. 

Recency bias: another emotion that messes with our percepti