March 3, 2007
Results From The Big Crash
I know that this story is already losing its steam, but I think I will put in my two cents before the NASDAQ balances out. The stock market fell a good amount and everyone is freaking out about their stock holdings. What should you do if you own stock? Absolutely nothing. The market’s been going up steadily since September 17, 2001 and it was time for some self-regulation. Think of the stock market hiccup as a great time to purchase some stock from some good companies. Just look at it as a huge market SALE. Everything must go! Investors start your engines!
Now if you are too much of a little girly man to purchase in time of such volatility, I would highly recommend some spring cleaning in your personal financial life. Think about some issues you’ve been having and correct them. Are you in some debt that could be cleared up? Any repairs around the house you’ve been postponing? This is a great time to fix up any loose ends with the extra money you aren’t investing.
I am currently saving extra money for my cruise on Thursday, which is another type of investment you should think about. If you are planning a trip, consider saving for it before it’s too late. Start using your online savings account again and automatically draft monthly amounts to your savings. You’ll get some interest and you don’t have to worry about coming up with the money after the trip’s bill comes in the mail. Doesn’t it suck when you receive a huge bill from the bar and you don’t remember what it’s for?
















