Many of you out there reading this are hurting.
The economic news is grim, and even though I believe the only thing we have to fear is fear itself, that doesn’t change the stark reality of things.
Most of us have lost a large swath of our retirement savings in the last year. My overall retirement savings has gone down about 30% over the past thirteen months, even with late 2007 and 2008 contributions.
Over the weekend, my parents came to visit. At one point, we were talking about the experiences I had during my college days, and they mentioned that when I would move in and out of the dormitories, it would require a pickup truck to move all of the stuff.
As I write this, the stock market has just completed the single best day in its history. This follows the worst week in its history, in which the market lost approximately 20% of its value (depending on the indicator you use).
During the summer of 2007, my wife and I purchased our first home. We spent tons of time doing homework and we are still very happy with our purchase, but as first time home buyers, there were simply some things that we didn’t fully understand that fell through the cracks during the process.