Or so they say! Â Today the market dropped another 300 points, the lowest since 1993 we are told. So does this herald, doom and disaster? Â For some yes, for others not yet, and for the hopefully optimistic, not even close. Â So what do we do???Â
My 401K investments dropped another $20K in one month. Â Just when I think the prudent thing to do is to pull out my remaining funds, (Suze Orman would kill me), and put it under my mattress like grandma did, I stop, think about it and realize, I still have over 20 years to retirement, what’s my hurry? Â Unless of course, I think that we will continue to go down, down, down? Â Well maybe in the next 6-12 months, but we will go up, up, up -of that I’m sure!
When we need to focus our attention on the future, it is hard to get past the present when we are propelled in a downward spiral towards whatever the newest “low” is for the day. Â They don’t call it the DOW-N for nothing. Â I understand the fear, I’m feeling it like the rest of you, but when all else fails (and that’s a lot these days), I think the prudent thing to do is not run, but walk, slowly towards the future. Â It’s inevitable that things will change for the better. Â The only mystery is when. Â It took us awhile to get here, it will take us awhile to get back. Â The good news, if you are paying attention, is that we know the way back. Â We’ve been this way before and I’m sure, at least in my lifetime, we’ll be back this way again.
Fear is inevitable. Â I can’t say I blame you. Â It’s not easy to stay “up” when they say “down”. Â But it is your choice. My choice is to look up, from where I stand down below, and know the way up is not as hard or impossible as it might appear.
Look up, always the view is infinitely better.
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