Staying Even is the New Up

In 2009, I was happy just to not lose money. Having money in CDs and low interest rate money market funds was just fine with us. Buying stocks with low volatility that paid dividends was great. Owning a house that showed zero appreciation was acceptable. Here are some examples of staying even being good:

Keeping the same salary, instead of getting hours or benefits reduced.

Keeping a job, versus getting laid off.

Business revenue flat versus declining.

Gone are the days of big returns on stocks and housing. No longer is changing jobs routinely resulting in a raise. Now, not losing is considered a success.

With the economic recovery likely be slow, I believe that expectations for financial improvements will continue to be low. Unfortunately, for 2010, staying even will probably still be the new up.

For more on New Beginnings, check back every Sunday for a new segment.

This is not financial advice. Please consult a professional advisor.

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