We all wish to improve in our lives as we get older. There is nothing I hate more than being in the same financial position I was a few years back. I guess that is why people go ahead and buy new cars every so often when they don’t need to. It is just human nature to want to grow into bigger and better beings. That is why I was shocked to see the Dow at the same level as it was when the Bush presidency started.
I hate talking about politicians as I believe they are just a waste of my time, but this is a bit serious. It is affecting my pocket and anything that affects my pocket is not good. On Monday, the Dow finished lower than when George W. Bush assumed the presidency: 10,587.59 on January 19, 2001 compared to 10,365.45 at its close on September 29, 2008. This is not good at all.
What does this mean to me? I went ahead and did the unimaginable by checking my stock investments. I have to say, I am a terrible investor and in need of some serious help. I have lost 40% of my portfolio in the past 2 years. Granted most of my portfolio was in financial stocks and that is why I got a serious hit. I wish I had just put my money with Warren Buffett. My wife’s 401k is in a worse state. We are seriously considering removing our funds from the stock market until something shows some sense.
I have to admit, this thing is getting to be a bit scary. I will be watching the market in the next week and see what happens before I start taking a serious look at my portfolio.