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What a difference a year makes

August 19th, 2009 at 12:43 pm

Stock-related, but more general speak.

Overall, I'm just so surprised at the turnaround in financial sentiment. Seriously, it's only been a year to a year and a half going from "frugality is icky" to "frugality is chic". Even teenagers are getting in on the simpler life. And that's a great thing.

However, there also seems to be a new kind of pessimism as well. A certain sense that the government or the economy or something has somehow betrayed them. And if they are wise and mature, they will also realize that we consumers are just as much to blame for our own actions.

Regardless of the finger pointing though, it seems much harder now to "sell" the idea of actually BUYING into the market for example. "Oh, look at how the market has failed us." Ugh. Whatever happened to the good old days of just trying to convince people to be more frugal? Big Grin

Ah well, despite my currently bearish outlook, I'm still going to keep buying into the market. In the end, there are still a lot of good companies out there that is still going for a pretty good price.

I could be wrong about the stock market of course, and end up losing a bunch of money. But I also think it's important to be able to see beyond what's right in front of our noses. There's great opportunities to be had!

5 Responses to “What a difference a year makes”

  1. merch Says:

    "Be fearful when others are greedy and be greedy only when others are fearful".

  2. Broken Arrow Says:

    Truer words have never been spoken. Big Grin

  3. PrincessPerky Says:

    Err, sorta off topic, but I think you had a link awhile ago to a song video, composit of tons of folk from all over the world singing...do you still know where it is?

  4. scfr Says:

    I know ... When we made our annual contribution to DH's SEP-IRA in early-Feb, we actually went 100% domestic stocks. I think you know enough about my investing style to realize that's almost scandalous. And we made one stock trade (bought & resold pretty quickly.) If you had told this conservative investor a year ago that I would be doing that, I'd have laughed at you. We just decided to zig while the majority was zagging.

    As far as frugality, it does feel odd to no longer be a lone voice crying in the wilderness, seeking refuge amongst SA peers.

  5. baselle Says:

    "You make the most amount of money in a down market, you just don't realize it at the time."

    Right now I'm cheering for the market to get back down so I can buy some more. I look at the MMM stock I bought in February at $45, and sigh.

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