Quote:
Originally Posted by craigimass
I'm always a little torn between "take the money and run" and "well, the whole world is going to poop no matter what, so I'll just sink with the masses"....in other words, if there were a nuclear winter (real or so-to-speak), I would just as well vanish than survive. Sure, I cover the basics, but don't keep a years worth of food and water stored in the basement.
In terms of the market, that means I have plenty of cash, plenty of bonds and plenty of equities.....some real estate, a boat, a bunch of tools and a loving family.....as well as a small continuing income from consulting, writing and teaching.
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Sounds to me like you have your priorities straight, but I do think you are focused a little too much on the negative. I am not upset about the recession, it is a good thing, and long overdue. My thoughts on this haven't changed since September 2007, just before the market top, I still feel exactly the same way.
September 2007 Post