Wednesday, March 18, 2009

Stock Market Woes

So I finally got up the nerve to check my portfolio the other day- I had gone into the 'NANANANA I'm not Listening' mode - probably NOT a sound investment strategy but I figured I'd just wait it out thinking that it would indeed end. Ouch. Ouch. From a little over a year ago I'm off over 40%- that is not good. I sold some losses back in December for tax reasons and so now its either conservative or cash but still. Ouch. I also thought coming off the good week in the markets it would be ok, nope. See the problem is when you drop 4% then go up 5% you are not back at even. So when you drop 50% then go up 4% it still just sucks (that would be the DOW from almost 14k, to 7k). Anyway I'm going to see a financial advisor today (this is NOT my idea) but we'll see what he says about our financial situation. I think he might be more impressed with how bad I've managed my money than what I do have.

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