Personal Finance and Investing

Had another talk this past week with my financial guy, and he emphasized that earnings drive the market. And the expectation is that earnings will rise about 25% this year. That's a lot.

Sometimes it is prudent to sell some of one's holdings, but sitting out the market in a big way makes no sense whatsoever.

I was hurt pretty badly in the dot com crash, but that was because I let the advisor I had then put me in far too many dot com stocks. He was a good guy who'd bought into the hype. They guy I have now, and I'd had him for around 15 years at this point, is far more grounded. Another thing is that as I'm a lot older (I'm 69 years old) my goals are quite different from what they were several decades ago.

I do worry a bit. An extreme downturn would hurt me, and might make me seek out employment, at least of a part time nature. That wouldn't be the end of the world for me, but I do enjoy not working. Meanwhile, I live frugally and enjoy the life I have.