Fannie: "You seem kinda down, bad day at work?"
Saint: sigh "No, I looked at my 401K. It's down ..."
Fannie: interrupting "NOOOOOO! What have I told you about looking at your accounts! Stop it right now!"
Saint: sigh "I know, I just can't help it."
Fannie: "Well knock it off; you'll give yourself heart failure and THEN where will we be?"
Yes, my compassion runneth over. I'm not a huge market watcher. I have long term investment strategies and don't focus much day to day, month to month or even quarter to quarter. But after yesterday even I peeked at a few things. People? It is not pretty.
For us, these are paper losses. We aren't living off of investment income, nor are we in the position of having to sell any stocks or bonds. But our parents? Are. My grandmother? Is. So I hope to hell Congress fixes this soon. Or I think many of those
6 comments:
Don't you know it. And 6 weeks before an election a bunch of guys who want their seats back have to make a VERY unpopular decision.
You and I are obviously having the same nightmares.
I am scared for the entire world economy right now.
I have 20 more years of IRA to go up and down. My mom, not so much.
We had the EXACT same conversation here last night. It's very scary....
It is scary. Completely and utterly, and yes, I'm with you - I don't check very often - in fact, I make it a rule to glance at my monthly statements and then sock them away.
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