tag:blogger.com,1999:blog-14245531.post115037967827599504..comments2023-11-18T01:21:55.631-05:00Comments on My Open Wallet: Gloom and DoomMadame Xhttp://www.blogger.com/profile/11536189690094235926noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-14245531.post-1150594047879317962006-06-17T21:27:00.000-04:002006-06-17T21:27:00.000-04:00Yeah, my accounts are down. We're all down. It doe...Yeah, my accounts are down. We're all down. It does hurt watching those biweekly contributions going in, while the balance doesn't ever seem to rise at all. But just think, all these bargains we're getting now in our workplace retirement plans are going to help us zoom to new highs when the market adjusts again.Tiredbuthappyhttps://www.blogger.com/profile/17292908687495239545noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-1150463150892385152006-06-16T09:05:00.000-04:002006-06-16T09:05:00.000-04:00A good chunk of many of these problems is that a l...A good chunk of many of these problems is that a lot of people are really too optimistic. You can't be down in the mouth all the time, but they think that they can afford anything, and never look at historical perspectives. I've noticed that people who are in their 60s aren't complaining about gas prices as much as us younger people, presumably because they paid the high prices in the 70s when that gas crisis hit. <BR/><BR/>Another factor is that all of these worldwide bad things were always happening, we just didn't hear about them constantly. I remember reading some time ago that crime rates in rural areas haven't changed dramatically over the last 150 years, it's just when somebody went nuts and chopped up their wife, it didn't make front page.Kirahttps://www.blogger.com/profile/05991840729281607982noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-1150404121467331732006-06-15T16:42:00.000-04:002006-06-15T16:42:00.000-04:00I try to look at the bright side or else I'd be in...I try to look at the bright side or else I'd be in a straight jacket.<BR/><BR/><B>Rising Interest Rates:</B> higher earnings on my "safe" accounts.<BR/><BR/><B>Housing Market Imploding:</B> as long as I'm living, I'll always need a place to lay my head.<BR/><BR/><B>Stock Market Tanking:</B> buy when things are bad, watch and enjoy when things are good.<BR/><BR/><B>Consumer Debt Ballooning:</B> we live in a country where we have the freedom to make our own decisions.<BR/><BR/><B>Disease, wars, etc:</B> this life is only temporary, thank God for a perfect heaven.<BR/><BR/><B>Gas Prices:</B> own the stock and a gas rebate credit card to offset the pain.Single Mahttps://www.blogger.com/profile/02304629601616898196noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-1150403985043802982006-06-15T16:39:00.000-04:002006-06-15T16:39:00.000-04:00This comment has been removed by a blog administrator.Single Mahttps://www.blogger.com/profile/02304629601616898196noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-1150396420244196502006-06-15T14:33:00.000-04:002006-06-15T14:33:00.000-04:00I bet you are relieved that you cashed out your do...I bet you are relieved that you cashed out your down payment money before the market started tanking. There is a huge lesson here about making sure that money that you know you will soon be spending sits in stable/fixed investments rather than the stock market... You got lucky!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-1150390327416667412006-06-15T12:52:00.000-04:002006-06-15T12:52:00.000-04:00When it comes to buying into my retirement funds, ...When it comes to buying into my retirement funds, I just think 'Dollar Cost Averaging'. I'm getting shares cheaper right now. I'm with Savvy Saver, holding on is the best way to ride out this storm.mapgirlhttps://www.blogger.com/profile/06141234159609900257noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-1150388541786904402006-06-15T12:22:00.000-04:002006-06-15T12:22:00.000-04:00We've taken quite the hit on our retirement accoun...We've taken quite the hit on our retirement accounts as well, and we are considering purchasing an investment property as well. Some people (myself included) think this is crazy, but I've determined that if we try to wait until the "right" time we might not ever make a move. Instead, we have decided that buy and hold is our strategy, and any mistakes we make, whether it is with our retirement accounts, stock purchases, or real estate, will eventually be erased with time. <BR/><BR/>It's the only way to stay sane.savvyhttps://www.blogger.com/profile/02544254698136250262noreply@blogger.com