Friday, January 11, 2008

Commercial paper or toilet paper?

It's been all about finances this week: assessing the damage from Christmas, resolving to keep a better budget throughout 2008, and reading marketwatch as the economy seems to be tanking. It's been particularly discouraging to watch my retirement balances melt away as if someone was cyphening funds daily. This is a sore spot for me as I met with my retirment advisor back in September with the intent of significantly shuffling my portfolio because I felt the next few months were going to be poor performers. After 30 minutes of her trying to convince me that market timing doesn't work, I acquessed (sp) and made about half of the adjustments that I had initially intended. I should know better that financial advisors are a little off base. I've seen evidence of this every day for weeks as wallstreeters applaud at the end of a trading day that signified 250 points lost and 4.8 billion in
market value flushed down the toilet. And so, i write this entry from where? The mens bathroom.

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