500 point drop in the Dow plus the S&P downgrade ...

After the Dow dropped 500 points and Standard & Poor's decided to downgrade America's credit rating, I think it's going to be an interesting, if not nerve racking week for investors. As an investor, I know that now is not the time to panic. Saving for retirement is a marathon and not a sprint; the long run is where our focus should be. Still, this video sums up how I feel sometimes.


Comments

Post a Comment

Popular posts from this blog

I hope this email finds you well...

Image
Every day I get vendors that send me emails trying to sell me their latest product or service (which I almost always ignore).  Then a couple of days later I get the, "hey, did you see my email" follow-up email.  It goes something like this... Sometimes I get fed up and send back something like this...
Read more

How do they do it?

Lately, I've been commuting to work via a route that takes me onto GA 400, I-285, and I-75. On this route there are traffic signs, speed limits, painted lane markers, concrete median walls, and steel guard rails in place to try and prevent everyone from dying in a fiery automotive apocalypse. But in spite of all of these safety devices, I've seen at least one accident every day this week. While searching for some tips on time lapse photography, I saw this video by Rob Whitworth . I was amazed at the way traffic moved, especially the traffic circles (54 seconds in). With almost no painted lines, traffic lights or traffic direction, people are moving where they want to go without running into the other people who are going in different directions.  It almost appears as if the whole thing were choreographed.
Read more