What do we do now?
These days, my financial thoughts seem to have taken a holiday. Really. Everyday I scan the papers and read online news about how the economy is, how the markets are behaving, what the stocks are like and where commodities are going etc. but without much clarity.
Everyday, “experts” give a variety of claims – one day it could be the market is heading south, another day, the market could be recovering and then on another day, financial experts are saying that the bottom is near. Which is which? How can we, the man on the street, make any sense of this if the experts are unsure about it all?
What do we do in times like these? How much has the global economy crisis hit us? Do we continue investing? Do we stop and see where the market is going? Which asset class should we go into? Maybe fixed deposits are best? But what about the inflation effects on my real returns?
I think in times like these, it is important that we remain on course with our original investment objectives and look to the longer term instead of focussing on the short term. It will help us overcome any emotionally driven decisions and make the mistake of buying high and selling low.
What do you think? What should we do now??
This post has one comment
April 6th, 2009
I’m in the same predicament…my personal finance blog is so quiet because there just isn’t much to talk about in that area for now!