Wednesday, June 4, 2008

Investor's corner for the small timer

Like everyone who reads this post if you are out there, you have a life that gets interrupted by the small hiccups of life. Mine was this: My wife and I recently parted with our deceased cat, fixed the car, and the lastest happening - a huge plumbing bill this past weekend.

Now if you are like me you tucked a little savings away in checking, savings and the portfolio. My wife and I are very active in creating good credit, while paying every bill that we get. And since things come in three's we are fortunately were prepared.

Yesterday with the last happenstance, I sold a loser. WM was sold for a loss of roughly $900. It was hard parting with it even through this rough patch in the economy, but I had confidence in it because of them being active in correcting the balance sheet. But for the short and long long term the choice was made for improving our home at the same time of correcting some issues with our plumbing. Which if you review the housing market will be much better than waiting for the stock market to correct itself.

All in all I'm satified with the decision. So remember this lesson. Save, save, save. It'll help you more when you are not worrying about how you are going to pay these bills when they come up. Plus you learn something by the lessons of the stock market too in the process. It provides you with future buying opportunities when they come up.

Other than that learn not to have debt, by saving for it when it occurs. That's the moral here.

No comments: