Back to Basics

Basics still count now.

Even though unemployment is available for 99 weeks (nearly 2 years), it is still recommended that we have 6 to 9 months of expenses worth of $ held in something liquid like a money market account or savings account.

Instruments that are not liquid are stocks, stock mutual funds, bonds, CDs (unless very short maturities), bond funds, gold, real estate, etc. Anything that would take time to get at.

I believe we are not in a recovery but a long long term recession. What has been tried is not working. We need a new approach.

Today I heard that the government (big G government) is considering lowering the balances due on mortgages across the country. How generous with our $. We will be paying for our neighbor's mortgage and increasing his equity. Let's call Obama Santa, ok?

'til later