Wow! What a week. It was a quite an exciting one for the financial markets. Here were the key events:
Overall, I think the actions of the past week were too much but too late. Short term, I expect the stock market will rally, especially if there is an interest rate cut, good jobs report and good company earnings in the next week. However, I expect the stock market to decline further before reaching a bottom later in 2008.
For now, I continue to hold my current positions and have made 20-25 share purchases of five new stocks, Intuitive Surgical, Priceline, Apple, Research in Motion, Core Labs, and added to our position in Google. If the market rises next week, I may sell some shares, at a gain, into the rally. If the market declines, I will hold the positions but make no additional purchases until there is a clear bottom.
For more on Reflections and Musings, check back every Saturday for a new segment.
This is not financial or investment advice. Please consult a professional advisor.
It's been over four years since I started My Wealth Builder. As I think about topics to write , I often remember, "I've written about that before," and decide to find a new topic. However, since many principles of personal finance are timeless, I want to include them in a recent post on My Wealth Builder. Therefore, I have started a series called "Timeless Articles from the Archives" and am highlighting posts from the same week in 2007-2010.
2007
Continual Growth and Reinvention - Here's one way to avoid becoming obsolete.
On-line Bill Paying Services -Save Money, Time and Reduce Stress - Electronic bill paying is a great banking service because it benefits me.
Assisted Living - Pros and Cons - These were some of my thoughts as my mom moved to assisted living.
Retirement Planning - A Staged Approach - Before the housing crash, here's how I was intergrate home ownership into our retirement planning. Even after the housing crash, it will till work for us.
2008 -update
Statistics and Probabilities Can Be One's Friend - Using a strategy that is validated by the statistics and probabilities will eventually pay out.
Retirement Expense Planning - Allocation To Fixed Income And Cash - Fortunately, in early 2008, we funded four years of retirement expenses with short term fixed income investments and money market funds.
2009
Choosing Between Taxable and Tax Deferred Saving Accounts - I've summarized my view of the tax treatment for tax deferred and taxable saving accounts.
Teaching Delayed Gratification Skills - I believe that delayed gratification is an important life skill.
2010
My Incentives to Work in Retirement - While I still work for pay, the incentives for choosing the job are often other than money.
Remembering my Time is Precious - I want to get the most out of the time that I have.
It's the People's Government, Stupid - I want elected officials who will serve all the people.
To me, the content of these posts are still relevant today and worth reading again.
For more on The Practice of Personal Finance, check back every Wednesday for a new segment.
This is not financial, career, investing, political, retirement or saving advice. Please consult a professional advisor.
Copyright © 2008 Achievement Catalyst, LLC
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