“I’ve been watching the DOW trends over the last two years and I’ve been astounded at how the market does NOT reflect reality.”
I got a call from a representative of an online brokerage I use asking why there had been so little activity on my account. I told him that I thought the market was acting irrationally, and being driven by sentiment rather than reality. He didnt disagree, but I think he wouldnt have disagreed no matter what I said. I’m pretty much staying out of it until market behavior makes sense.
We follow DEave Ramsey and we’re starting Baby Step 3 in Two months. (Saving 6 months living expences).
After that we’re supposed to start investing, putting toward retirement and paying off the house early. My friend (the wonderful woman who got us started with DR) is encouraging me to invest, but I’m not feeling it. I keep telling her that we can’t loose by paying off the house early, but we can loose in the stock market right now if we take that road.
Hubby and I have decided that we’re just paying off the house and land next. If we invest in anything, it’ll be “hard” investments, like a well or a good fence line... things that will save us money in the long run. The economy is just too shaky for us to jump in now.
We’ll have the house paid off in three or four years. By then, things will (hopefully) have settled down and it’ll be time to take the plunge.