Right now long range planning looks like about six months -at best. There are so many things in play that anything could happen. That’s my take on it anyway.
Isn’t that exciting?
With that in mind about all we can do is to make sure we are flexible. That can look like very different to different people.
We are told that you have to be debt free and have money in the bank to have options. That could not be further from the truth. Sure, those things are nice and can be useful. However, they can be a prison too. If the quest for those things keep you in a job that’s slowly killing you, what’s the point? You can be poor with a terrible credit rating and still be extremely happy. Your creditors may be sad, but that’s on them. Everyone is responsible for their own happiness.
So my long range planning currently consists of fuel for the woodstove and a pile of potatoes and squash. Trust me, there are worse plans out there. How’s that crypto currency working out for everybody? Real estate investments? Beanie Babies?
From person experience I know everything can go from fantastic to horrible in a single moment. Once someone survives that they shouldn’t really worry about anything ever again. The Buddha is right. There is power in letting go of your attachments.
I’m not saying to only eat drink and be merry. Then again, there are worse things than being a fat happy drunk. Yeltsin was more fun that Putin. At least he didn’t start a major land war.
Anyway, people have ideas for the things they need for life to be okay. What’s neglected is taking care of your head space. If your thoughts are giving your ulcers maybe it’s time to change your thinking.
-Sixbears
Most people who make a decent return investing in the market have access to information the rest of us don't. It's a rigged game and has been for a long time.
ReplyDeleteStill, a little education and common sense doesn't hurt.
Delete6 months? You mean until mid April or such?
ReplyDeleteWhy that number friend? Still a bit early to plant gardens unless under glass (might still be snow then).
Spring was before tomatoes 12 months a year @ Kroger's known as the Starving Season because the root cellars were mostly empty or near rotted and seeds planted needed about 100 days before calories came from them.
Oh, yeah Deer shot in the spring were also thin eating as they too were near starved.
Dan, the market is what it is. I've done fairly well in the past 40+ years, nothing like Nancy Pelosi's 90%+ success rate millionaire status but above inflation sometimes far better.
The best returns are from investing in yourself. Peace of mind, a sweet wife, adventures and quiet times, skillsets well past most normies.
Heinlein is well worth reading and rereading. A Cliff Note version is the Notebooks of Lazarus Long.
“Any government will work if authority and responsibility are equal and coordinate. This does not insure “good” government, it simply insures that it will work. But such governments are rare — most people want to run things, but want no part of the blame. This used to be called the “backseat driver” syndrome.”
― Robert A. Heinlein,
There's a lot of things in the winds. They could come to a head within the next six months -everything from market collapse, war, plague, and even solar storms.
DeleteBelieve it or not, I've read all of Heinlein.
6 Bears might you expand on this thought a bit?
DeleteSome of us might like a heads up.
Michael, get your plans in order.
DeleteIn other words, NO? Just vague worrisome comment and nothing?
DeletePlans always require adjustments, good information helps.
I'm not sure I've real all of Heinlein. He was quite a prolific writer.
ReplyDeleteHe was quite interesting to share coffee over back in the 80's.
We are all going to be Strangers in our own lands, Unless advise is headed. A small amount of readiness goes a very long way, it's as simple as keeping your powder dry once was.
ReplyDelete