Don’t freak out, but it’s true I love the fact the Dow is at record lows for the year, and you should too.
I am 25 years old, lousy market performance right now means low prices now. I have a very limited stock portfolio and I am pouring money into it as fast as I can right now. If you’re a young reader and have not signed up for your company’s 401k plan, now would be the PERFECT time to start. Sure you might lose a little money now, but you’re not going to need it for twenty or more years, so let’s invest now while prices and confidence are low. In a few decades from now when you go to withdraw from your robust 401k you so wisely opened in the late 2000’s when the market was in the pooper you can thank me with a check. I just dropped some free cash into my open ended mutual fund, but more on that later.
Wachovia just dropped. They are our #2 employer. A lot of shit is about to go down in the other Queen City.