Friday, October 10, 2008
Nowhere to hide
I kept the stock ticker on my computer all day today, watching my investments slide and flail, mostly sliding. I've got savings, but the interest after all these years of rate cuts is birdseed, no defense against inflation. My home is paid for, but its value is probably dropping along with everyone else's, thanks deadbeats! An aggressive international growth mutual fund that I eyed but did not buy this past summer is now trading at half its value; glad I didn't bite. I'll need a new car soon, but I'm wondering if I should patch up my old one just one more time, and hope to get another year out of it. There just doesn't seem to be anywhere to hide in this current s! shower.