.jpg)
« We are Cured! | Home | Calculate those Gas Costs »
Bailout!
By admin | October 7, 2008
I have not spoke on this topic on purpose. I am not the type of finance guy that gets worked up on market fluctuations or recessions. What I preach is how we handle our OWN finances and can’t be too concerned about how the government or other business handle theirs.
Should I KNOW about it? Absolutely. I just do not need to get worked up over things that aren’t in my control.
On a related note, the financial crisis has seemingly been unphased by $700 billion bailout rescue plan. The Dow has dropped more than 6% since the bailout was approved. Makes me think that Plan A didn’t seem to work, does anyone have a plan B?
I have repeated many many times: long term investing, long term investing.
Remember this (I have used this statistic at a nauseating rate but it is so true):
97% of the 5-year periods in the entire market history made money
100% of the 10-year periods in the entire market history made money
This includes during Sept 11th and the Great Depression. History shows the market goes up with LONG TERM investments. I am not jumping ship. Me & Wifey have intentionally made sure we have cash on hand and a diversified portfolio.
I like my chances with LONG TERM investments. However, short term deals are a different story.
Only 66% of the 3-year periods in the entire market history made moneyThat is a 1 in 3 chance that I will LOSE some of my money.
Long term investments are a GREAT thing.
Topics: Investments |
Comments
You must be logged in to post a comment.