That which does not kill us makes us stronger. ~ Friedrich Nietzsche
The month of June, 2008 has been pretty awful for the stock market. According to Dow Hits Bear-Market Territory, Signaling Woe For Economy in The Wall Street Journal, June 28-29, 2008, the Dow has fallen 20.2% from it's October, 2007 high. The article expects that the market has further to go before bottoming.
While I have been hunkering down and expecting the market to get worse, I take very little comfort in being right. Like many others who are retired, my financial situation is dependent on the stock market.
However, even though the bear market will be painful, there is a bright side on which one can capitalize.
Finally, I plan to keep all funds (e.g. daily retirement expenses) needed for the short term (3-5 years) in cash or CDs. That way a bear market decline won't have a catastrophic impact on our short term standard of living.
For more on Strategies and Plans, check back every Monday for a new segment.
This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2008 Achievement Catalyst, LLC
September Income – $4560.09
3 weeks ago
No comments:
Post a Comment