Was innocently working at the store, talking comics, when friend Jared walked in and said, "Have you heard? The stock market has dropped 1000 points."
Yet almost immediately, this Freak Out was consigned to 'old' news. Never mind, said Nasdaq. It was all a big mistake.
I'll tell you what it does to me, though. It makes me want to find a safer place for my money. Like paying off my house. (This is going to be done). Like life insurance annuities. Like real estate or precious metals. Except all of those take more effort and time. I don't really want to be a landlord. I don't know that I believe that precious metals are any less of a gamble.
Life insurance annuities....?
Everyone hates those, it seems. But getting a modest 4 or 5% return and NOT being exposed to the stock market casino is looking more and more attractive to me. I'm willing to go against conventional wisdom if it makes sense. I can't remember which online magazine had a columnist propounding annuities -- Slate? Salon? Huff Post?
But the next time I see it, I'll actually take the time to read up.
I mentioned "timing" the market, which Jared pooh pawed. Which I get. But really, I speak of timing the market in only the most broad of terms; that is, everyone 'times' the market whenever they make a decision (or not); to invest (or not); to pay off the house and when (or not); to invest in precious metals instead or putting the money under the mattress.....(or not....................)
4 days ago