ScrapperMom and I are back from vacation and have been trying to get back into the swing of our routine. Our almost 21 month old is nearly back on her sleep schedule, which is always a good thing.
Obviously this has been a crazy couple of weeks for anyone who has money, which is mostly everyone — near as I can tell. I remember where I was for some monumental events in American History over the last 25 years or so (since about the time I understood what news was…), and I have to wonder whether I’ll look back and remember driving out of Disney World the day that I found out the Bank of America bought Merrill Lynch and set off a 500 point market drop. Will this ultimately end up being the straw that broke the camel’s back? I wondered at that moment whether we should not have put the money we spent on the vacation into an emergency fund instead, and whether or when we would next be able to take such a vacation…
On that upbeat note, here’s a few articles that caught my eye over the last couple of weeks:
Five Cent Nickel gives us a bit of investing perspective here, with my additions in italics:
- The Dow finished the week down just 34 points after dropping nearly 1000 points over the course of the week
- In the past month, the Dow is up 40 points
- Over the past 5 years, the Dow is up 18%
- Over the past 10 years, the Dow is up 44%
Sure, the Dow isn’t gaining 7%-10% per year as it has historically, but it’s still rising steadily.
J.D. at Get Rich Slowly has some great advice for the vast majority of investors here:
- Don’t panic.
- Tune out the media.
- Remember your goals.
- Focus on the fundamentals.
- Know your risk tolerance.
- Educate yourself.
David at My Two Dollars has a great article on why we need healthcare reform ASAP. I agree with David, as is evident in the spirited discussion that follows. I believe that the single best way to increase freedom in the United States is to take away the fear of having the money to pay for medical care. Not everybody “deserves” a flat screen TV, SUV, dinners out, etc., but as humans, we all deserve health care. (And since the government can afford a $1 Trillion bailout of the financial industry, surely it can also afford healthcare for the people of the wealthiest country on the planet.)
J.D. has another interesting article about saving money by avoiding advertising. Look for a similar article on this at this site soon…
Lastly, David has a nice quote from Paul Mccartney. You can click here to read it.