I’ve talked to several people over the past few days who are really buying into the whole idea that there is a crisis on Wall Street. It seems like they pay special attention when a politician or pundit talks about the fact that everyone’s 401k is dropping and their retirement accounts are being wiped out. [...]
Archives for the Month of September, 2008
Navigating the Credit Crisis
Monday, 29 September 2008
Here’s what we’re doing around our house to prepare for the panic and devastation that will be the fallout from the fact the bailout may or may not pass:
I’m going to work
We’re contributing to our 401k
We’re sticking with the price we have set for our house that’s on the market
We’re saving into our short-term savings [...]
How Good Are Financial Advisors?
Monday, 8 September 2008
A friend of mine sold his house last week, and he used the proceeds from the closing to pay off all of his debt. He and his family are now living with his grandmother in her house she owns outright. They are taking care of her in her old age. So my buddy is very [...]
