As I open my mail this morning, and I see that our net worth has dropped precipitously, the only thing I can think is "Be calm. Wary, but calm." There is nothing we can do. We have to just ride out this economic thing and hope for the best. Last week Warren Buffet said, "Be fearful when others are greedy and be greedy when others are fearful." That's what I'm hoping my investment companies are all doing. I trust them. I pretty much have to.
I had breakfast yesterday with some posse members and, as usual, we lent a little time to the economy and money in general. One friend said, "I thought about hooking (to raise extra cash), but that wouldn't really work." My other friend said, "There's all that talking..." I chimed in by saying that I understand many hookers have rules. Maybe you could have "no talking" rule. As we all laughed, I got to thinking, "Well, it's dark humor, but it's better than crying."
My friends and I can all thank our lucky stars that we are 20 years from retirement. The ones that I am concerned about are our nation's retirees and those folks that are near retirement. But somehow it all ends up working out.