When times are tough, some investors are likely to double their bets, meaning they will convince themselves that now is the perfect time to invest huge sums of money, because things can’t get much worse. Even casual readers of this column know we don’t believe in market timing in any form, and that includes dollar cost averaging. When you have the money to invest, “invest it” is one of our most fundamental beliefs. Here are a couple of others rules that have served in good times and bad: Read more...