Happy New Year!
With today being the first day of the new year, I figured I would achieve my goal to start blogging more regularly. To do so, I needed to actually begin; hence the first post on Your Two Bits.
With the economy in a tailspin, waiting to be corrected by the financial wizards on Capitol Hill, I couldn’t think of a better time to begin a blog about money and investing. Everybody is so anxious to get their money into the stock market and watch their portfolios exceed their wildest dreams…
Hold on a minute…
My wife informs me that people aren’t feeling that way at all and are actually quite scared of the market if not currently running from it, right now. That being the case, I think the next six months will be rather telling as far as how severe and long the economic downturn will be. Regardless, can I suggest that we all make a new year’s resolution to be optimistic? I’m not suggesting a Pollyanna complex, but simply that we have some optimism in us. It seems to make life more enjoyable.
Wishing you all a happy new year!
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I'm Michael Crowther, and I'm passionate about sharing the peace of mind that comes from budgeting, saving (including debt elimination), and investing.
January 2nd, 2009 at 1:19 pm
I have a question. Do you think with the new President in office that the first quarter will look more upbeat in the stock market and economy generally speaking?
January 7th, 2009 at 10:58 pm
Hey Michael,
I like it. I will be tuned in good point, If I had money I probably would be all in but maybe that is the wrong thing to think with all the corruption out their. (Madoff) Keep up your blog I will tune in..
January 13th, 2009 at 10:03 pm
That’s a good question and one that I’m not certain about (longer term predictions may be easier to make because there is more time for them to be realized or for people to forget). My sense is that if he takes office and shows he is seriously working to deliver the kind of change he promised during his campaign, that could bolster people’s confidence in how we’re doing as a nation. That would likely help the economy generally; however, depending on what type of change he actually implements, Wall Street and investors may not respond as favorably.
Given some of President-elect Obama’s statements over the last few weeks that appear to be intended to temper people’s expectations of what he will be able to accomplish and how quickly, my guess is that he won’t have a real strong positive impact on the economy. That said, all of us as individuals, acting positively and responsibly, will have more impact and control over what happens with the economy than a president does.
That’s my two bits.