There are a lot of different philosophies on the subject of if you should stay in the market through the up and down times or not. Some of my friends say they get out when it is high and then buy when it is low. They swear they make a ton of money doing it that way. Yet, I don’t have a crystal ball on when the Stock Market is at around the top and not going any higher. I would have felt bad jumping out of the Stock Market when it was even at 20,000 and then waiting for a crash. I would be missing out on all these dividends and growth we have been receiving.
We have talked about Choices and Consequences so much in our house that the boys will make jokes with me about it. We laugh and it does help me think about it when they say something about one of my choices.
What a crazy month. One we will never forget for sure but we sure wish we could. This month will go down as one of our worst months ever and it wasn’t because of any money matters.
We like to teach the boys that nothing is always black and white in our lives and there isn’t always just one way to achieve your goals that you want to achieve.
Emotions can factor in many money decisions. Emotions also can come into play when Money is part of the topic in a relationship. Especially when both people in the relationship has totally different views in their mind.
Pensions aren’t as common as they were back when my Dad was working at International Harvester. They made Farm Equipment there in Rock Island, IL. They had a Union there which my Dad was a Shop Steward for the Union. They also had a Pension and Health Care for life for Mom and Dad. Pretty good deal. I am going by what he told me I never read all the details of it.
Many people I have talked to said one of the things they worry about is running out of money during their retirement years. I have those worries also myself. The more studies that I read about and people I talk to that withdrew 4% of their retirement funds and it worked out for them gives me a calming feeling.
We are less than a month from Logan leaving for the Navy and we have been busy making sure he is ready for his move. First he goes to Navy Bootcamp in Great Lakes, IL and then off to South Carolina for his Schooling. We are getting sad more and more as we get closer to the day we have to drop him off in September.
We get phone calls, emails and texts daily at our house of people trying to get our information or to scam us. Everything from someone in England that died and left us 8.5 million dollars to call this number right away or the IRS will be taking you to court.
Even though the Stock Market has good days and bad days over the last month the Dow was up over 700 points and our Net Worth had a good Increase also.