“When making a choice between two options, only consider what’s going to happen in the future, not which investments you’ve made in the past. The past investments are over, lost, gone forever. They are irrelevant to the future.” Seth Godin
It’s taken me awhile to wrap my head around the objective of the Wall Street Protests. And I’m not the only financial blogger questioning the protests. Lazy Man and Money wanted someone to explain the protests to him. I get that there is high unemployment and even though we bailed out the banks, there are still a lot of folks who can’t pay their mortgages or refinance at a lower rate. But what exactly and specifically do the protesters want Wall Street to Do?
How to understand your investments and get an idea of what to invest in.
A quick google search, “time v money” turned up 6.3 BILLION results. Obviously, I’m not the only one thinking about this topic. In fact, it looks like billions of individuals are dealing with these same quandries.
I’ve been investing for a long time. And, I’m somewhat of a student of finance and Modern Portfolio Theory. This unscientific exercise reminded me of an historical fact; over long periods of time stocks go up. In the aggregate, patience and time in the market is rewarded. I’m not sure if I would have been better off holding the original portfolio or not, but I’m pleased that our stock holdings have risen these past two years, in spite of the recent downturn.
“Never spend your money before you have earned it.” Thomas Jefferson Follow Jefferson’s advice, add in a bit of saving, and you are on the right path. Watch the video, consider the tips, pass them along to your friends, and help them become money smart!
With the preponderance of economic news on television, on line, and in print, you are well served to separate the wheat from the chaff and spend your precious time on the news that has personal value.
“It’s learning how to negotiate to keep both sides happy – whether it’s for a multi-million dollar contract or just which show to watch on TV, that determines the quality and enjoyment of our lives.” Leigh Steinberg
While writing this article I received another call from the mortgage broker. Oops, they need one more piece of information.
She repeatedly asks herself, “Do I really need it?” Well, of course she doesn’t need it, but there is no logical reason not to treat herself to the jewelry. Unfortunately, even after making the plunge and purchasing the beautiful bracelet, she continues to be racked with guilt and worries that she spent too much.