Wednesday, September 24, 2008

let the good times roll

It is funny how a few years and dollars can change a person's perspective on things. Talking to a couple of my younger buddies over the past few days, they are not particularly worried about the going-ons in the economy. They still trust the system. I sure don't. I've written my senators and congressman about the bailout(s). It is robbery. They may as well come into your house and take the cash from your pocket at gunpoint, or raid your kids 403(b), if you're lucky enough to have one. If I had lots of dough I would move a chunk of it overseas.

They want to throw $600 billion into the wind, but won't invest the same in national health care? That's 10 grand a person if my math is correct.

Back to burying my head in the sand.

Been planning our 2009 spring break training camp. Going to be in St Pete Beach. Renting a plush house for a week. Will finish with the Gasparilla running weekend. Want to join us?

Swam 3,400 yards the past two evenings with our masters group. Getting some swim form back before the 5k on October 4. Should be fun.

1 comment:

Cody's Tri Blog said...

There are still some things you can do to manage your 401K during these tough times. Here are a few things I have done. First, stay diversified across the board. A typical retirement account may be diversified as follows: Large Cap, Mid Cap, Small Cap, maybe Nasdaq and Bonds. The weight of each will be different depending on your age and should probably use Index funds to cut cost. In times like we are in though, I went out and looked at what other options I had and simply exchanged and/or adjusted my weight into some additional investments. Congress will do some sort of bailout and if they do then I do not see how the following will not rise. Gold and other precious metals - Silver copper etc. Oil and food from real inflation. Therefore look for funds and or other instruments to move some money around to these potential upside investments and most importantly limit your downside exposure. Think about it this way, if the market is down 20% and you are only down 15%, that 5% will be big money over the next 20+ years.