I haven't finished my vacation pictures, but I wanted to comment on recent Wall Street issues.
Wall Street, a few weeks back reached 14,000 points and then it suddenly fell 800 points. Why? There's a scare out there that mortgages are failing and subprime loans are going to hurt commercial lenders. While this is partly true, much of it is based on speculation. The housing market is roughly 5% of our economy and even if half the mortgaged homes of America fails, that's still 2.5% of our country's overall strength.
Also, how does the housing market affect the likes of Google, Boeing, and other stocks? It doesn't. Yet people are selling their stocks in these good, strong companies.
What does this mean for you? Stocks are now "discounted" from their 3 to 5 year highs. In short, this is the time to buy if you have any extra cash. Even $100.00 right now could help you down the road (ie: $10,000 in WalMart in 1975 is now worth $25 million).
Tips in this market:
1. Setup an account like on www.buyandhold.com or etrade or other online brokerage. Many of these brokerages have no minimum balance requirement, so you could invest with a meager $100 or a solid start of $10,000.
2. Research stocks that you know (ie: products you use). If you know it's always in high demand, and it is a long lasting product that you keep buying or using, why not invest and own the company? Quick example: who makes your toothpaste? Have you ever stopped using toothpaste?
At any rate, buy, hold, and win for your retirement. Save the money you use for cigarretes or Harry Potter memorabilia and invest it instead for your future.
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