5 Things I’d Do Right Now With An Extra $50 A Month
Some more non-advice from a non-guru…just a guy with some thoughts
Disclaimer: As the subtitle suggests, I’m not a professional financial advisor, and nothing you read here should be considered financial advice. Always do your own research and make your own financial decisions, or consult with an accredited professional before taking action.
Once again, the stock market is in the tank. Rising gas prices, and the cost of consumables, have conspired to whittle away at stock prices, while rampant inflation is further destroying the value of the actual dollars we hold.
There’s only really two ways of looking at this situation: With fear, or with patience. As we know from looking at history, no matter how great the fall, the markets always bounce back. It’s just a question of how long it will take for them to do so. Fear will tell us that they won’t bounce back fast enough, and we’ll be forced to live in poverty. Patience will tell us that this is a fantastic time to make money in the market, by buying assets at a deep discount, with increasingly less valuable money. Then, when the market inevitably roars back to life, and inflation comes back to manageable levels, your cheap stocks, bought with cheap money, will look a lot better and rosier than they do now.
