I notice that the market has dropped smartly this past several days. The short answer is: “I don’t know.” But, as any of the stocks you own because of me were bought with money you can truly afford to lose — and because they are speculations just as interesting (or daft) today as they were a week ago — I hope you can be philosophical about it. After years without a correction — or even, perhaps, a bear market — these things happen. And even offer potential opportunities. Stocks are on sale. They could get a lot cheaper — or snap back. But a decade or two from now they are likely to be a lot higher.
To calculate just how badly you did yesterday — or anything else you’re in the mood to calculate — dinkytown.net offers a complete suite of personal finance calculators, free. Lots to play around with.
Quote of the Day
We've forgotten all the sacrifices that the people who've gone before us made to give us this wonderful life that we have. We accept it; we take it for granted; we think it's our birthright. The facts are, it's precious, it's fragile -- it can disappear.~Ross Perot, 1988
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