About Jim Tolley

JT writes about general financial topics and shares some personal experiences here on Penny Thots as well as his two other blogs, Cash Flow Mantra. When not blogging, JT works full-time and tries, along with his lovely wife, to corral a half dozen kids.


  1. AvatarYFS says

    The newest idea I had for my cash was to start saving for a Roth IRA rollover, we also added in the goal of buying 1-2 properties a year outright to add to our rental portfolio.

    • Avataradmin says

      If you continue to get deals as good as the latest, then I would go with the real estate for a while. Interest rates will eventually go up. I can’t believe that we aren’t coasting along at the bottom.

  2. AvatarMyMoneyDesign says

    BEMB – I wish I had more cash on me this week with the recent market dips! Several stocks I’ve been watching are “on sale” and I’d love to buy them up.

    • Avataradmin says

      I am in the same boat. I wish that I had more cash to buy up some assets. Alas, I am paying off debt instead.

  3. AvatarSteveark says

    I have held a bunch of cash for awhile now. My question is if and when a big correction hits, when should I pull the trigger? There is no way to know how low the indexes will go or how long they will stay down. I was thinking about buying 1/4 at a 15% drop, then 1/4 at 30%, then buy twice more on the way up? The problem with market timing is it looks a lot easier when you are looking back at the past. It is pretty tough in real time to know when to buy.