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
It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics, because discrimination, poverty and ignorance restrict growth, while investments in education, infrastructure and scientific and technological research increase it, creating more good jobs and new wealth for all of us.~Bill Clinton
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