Look, I lost 40 grand in my retirement savings just over the past few weeks. It will go up again. People say, oh you should get your money out of stocks. Well if the country crumbles like it did in 29’ it doesn’t matter WHERE you have your money (unless it’s under your mattress). In fact, that is where my grandmother kept hers. She lived through the first depression and is probably smarter than all of us.
If the economy crumbles like 29, it really, really matters where you have your money. Insured accounts are a good bet.
Couldn’t resist...
We can’t have a depression like 29. See, these days we have prozac...
The market needs anti depressants right now. India is down over 10% within minutes of the open, and they put a trading halt on the market for one hour. Interesting to see when the halt is lifted how bad it gets.
I wonder if our correction here, isn’t also about busting some of these hyper inflated emerging markets. Our market has been living on our own money for many years, while foreign markets have thrived on foreign capital, that is now making a mad dash for the exits.
Get this and get this well: You haven’t lost any money unless you sell your interest(s). Just leave it there, and stop fretting. This is a natural January on calendar, unfortunately, there’s a war in OUR country going on. We don’t need bullets in our war, just words and deeds.
I can’t wait until gold gets to about $1500 an ounce. I’ll just sell it, and make the money the foolish people are putting into that commodity and scaring this Country.
Damn gold bugs.