Thursday, May 04, 2006

What's Got Me Spooked. Call Me a Pessimist.

My main reasons for being pessimistic: Housing bubble. Rising gas prices. Inflation, with rising gas prices and increased consumer spending. Why not? Tensions with Iran. Immigration reform. Social security collapse. Foreign investor pull out of America. How do you get over all of these issues, and still invest? This is probably one of my main issues. I need to find a way to overcome them, but it seems like as soon as I do, the market goes down and proves me right! I'm just going to buy gold and lock it up in my basement. :) Financial Reflections write about why he is worried as well.

2 comments:

Andrew said...

Don't worry too much about things you have little to no control over. Invest your money, stay focused on and monitor those specific investments. Of course you don't have to listen to me but I find the more I worry about the things I can not control the more I drive myself crazy.

Oh by the way I am new to your blog and look forward to reading your posts.

freedumb said...

Thanks Andrew...appreciate the comments a lot! For me, it's definitely easier said than done...I will reallocate my savings soon though.