Gut Rumbles
 

June 08, 2006

the story of my life

I have a lot of money stuck in stocks and mutual funds now. See... I had this weird idea that if I invested well after I retired, I might actually... y'know... MAKE MONEY from betting on my country. I think I may have fucked up.

I've lost my hat, shirt and a large chunk of my ass, on paper at least, over the past couple of weeks. And I DO NOT understand why. The economy isn't doing badly. We don't have runaway inflation or soaring interest rates. Unemployment figures don't signal the beginning of a new Great Depression. (Most of the "unemployed" don't want a fucking job, because they make more money sitting on their asses than they do working today.)

Those horrendous oil prices that everybody is screaming about now aren't THAT high, when compared to what we experienced in the late 1970s. Yeah, the smaller-government, lower-federal-spending Republicans lied when they ran for office and are on a drunken spending spree now, but that's nothing worse than what we've seen government do in the past.

The war in Iraq? I ain't buying THAT as an excuse. It's less expensive than farm subsidies and MUCH LESS expensive than social spending outlays.

The stock market is tanking, even as I see once-rural Effingham County, Georgia sinking under the weight of new home-building. I just don't get it.

I'm GETTING IT, though, right in the nutsack of my investment portfolio. If this crap keeps up, I may be forced to (gag!) get a job and go back to work again. Or find me a fat tit on the government nipple to suck, the way so many other people do today.

I don't understand WHY, if things are so damned bad in our economy, that my house has been reassessed, for tax purposes, at a value 30% higher than what I paid for it five years ago.

But that's the story of my life--- a day late, a dollar short and ALWAYS behind the curve, especially when it comes to money.

Comments

The stock market takes its dips and surges. I figure the idea is a pretty well diversified porfolio so if one part takes a dip another will gain. An example is precious metals over he past year as well as some oil companies. But I like the idea of mutuals a lot better than doing it myself and I also like the idea of some of it tied up in some tax free munnies although some of those are kind of risky right now. But the people who held on during the last bust made it back and I figure it will again. Probably the market is just self correcting.

Posted by: GUYK on June 8, 2006 01:20 PM

Hasn't the fed chairman been mincing out every few days and dropping hints about inflation and interest rate rises? That can't be helping the latest downturn, as can't the media constantly making it sound like the States are envious of Guatemala's GNP. Too many self-investors hear that and immediately hit e-trade and sell.

Posted by: red on June 8, 2006 01:25 PM

Yeah, every time the Fed even acts like they are gonna raise interest rates the stock market panics but it will come back when everything settles back down. MAYBE

Posted by: GUYK on June 8, 2006 02:27 PM

Know much about the Fed, Rob? I sure didn't....until I started to do some research.

Start here for an elementary education:

http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML

Posted by: Surfie on June 8, 2006 02:58 PM

What stocks did you invest in or was it a mutual fund?

Posted by: JPC on June 8, 2006 04:39 PM

Did you ever consider becoming a kept man?

Posted by: DL on June 8, 2006 08:40 PM

Ever look at how the DOW and NASDAQ drop like hell about six months before an election cycle when there's a republican majority, and how they rise when there's a democrat majority regardless of actual economic activity in the country? Wonder if assholes like George Soros aren't tampering with the markets somehow for a political gain?

Me neither, I just made that up, and I'm talking out of my ass :)

Makes a hell of a good conspiracy theory though, doesn't it?

Posted by: Graumagus on June 9, 2006 05:31 AM

Oh yeah, are the houses going up in your neck of the woods the shitty fucking pre-fab garbage bins worth about $20K and selling for $150-200K like what's being tossed up here in yankee land?

Posted by: Graumagus on June 9, 2006 05:32 AM
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