What the Market Means to Me
OK. So about the economy.
First of all, I am against the bail-out because it will raise our taxes and put us further in debt to foreign nations. I even wrote my congresswoman and one of my senators, as well as e-mailed a bunch of people in my contact list. Bottom line: whatever happens, I *hope* it won’t be the $700 billion proposal. But whatever the case, I feel pretty sure the market will be OK. I’m going to leave my money in there.
(for more on the bail-out: read this or this, or even this.)
At the same time, I don’t feel OK enough to want to put a lot more money into the market now. So I’m going to take a break from the stock market (my Roth IRA is already maxed, and my other nest egg can just grow or not grow). The $5 I’m investing will go in a new ING until I can think of a better alternative–feel free to offer suggestions.
What about you? Are you changing or more greatly diversifying your investments in light of recent events?
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5 Responses to “What the Market Means to Me”
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I’m keeping things where they are and not bailing out. I may relax my accelerated car loan payments for a bit, and start putting money in my brokerage account. So many choices: keeping paying off the car, keep paying off the house, or funnel some of that paycheck towards that nest egg bundle in the brokerage account.
Nah, I’ll keep directing it towards paying off the car loan. It’s a short-term goal that I’d like to get rid of.
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I’m actually increasing the contribution into my 401(k) to take advantage of the lower prices right now. I’m also considering doing the same for my Roth IRA.
While it hasn’t been fun watching the market go down lately, you just have to remember that it will eventually go back up, and you’ll only see the benefits of it if you keep your money in there.
I may increase my investment to take advantage of the lower prices right now like Broke Grad Student. The bail out proposal looks like it is going to pass. What would you recommend the government do instead?
Craig
http://www.budgetpulse.com
Craig, I’m in favor of the mark-to-market plan that requires Wall Street to pay for Wall Street.