Comments on: Stop investing, but not from fear

By: 11-17-08 Twenty-Something Finances-Carnival

11-17-08 Twenty-Something Finances-Carnival — Mon, 17 Nov 2008 14:09:39 +0000

[...] Roshawn Watson explains why We’re In a Financial War posted at Watson Inc. I agree it’s a rough time and we need to shore up our reserves, it’s what I talk about in Stop Investing, but not from Fear. [...]

By: Eating Out Less, Dealing With A Layoff: The Struwwelpeter Carnival

Eating Out Less, Dealing With A Layoff: The Struwwelpeter Carnival — Wed, 12 Nov 2008 21:24:48 +0000

[...] Living Almost Large: Stop Investing, But Not From Fear [...]

By: The Struwwelpeter Edition of the Carnival of Personal Finance

The Struwwelpeter Edition of the Carnival of Personal Finance — Mon, 10 Nov 2008 05:47:50 +0000

[...] Living Almost Large: Because of the looming recession, LAL is treading more cautiously and is thinking of putting a stop to her investing program. [...]

By: 37th Carnival of Money Hacks: Wonders of the World

37th Carnival of Money Hacks: Wonders of the World — Wed, 05 Nov 2008 13:07:38 +0000

[...] France. She says now is the time to buy in what you believe in. I agree, but I need to shore up a cash base for emergencies like losing a [...]

By: Interesting Reads from Fellow Personal Finance Bloggers #10 | Pecuniarities

Interesting Reads from Fellow Personal Finance Bloggers #10 | Pecuniarities — Tue, 04 Nov 2008 13:02:32 +0000

[...] Living Almost Large advises to tread carefully when investing in the current economy. [...]

By: LivingAlmostLarge

LivingAlmostLarge — Mon, 03 Nov 2008 15:55:13 +0000

I think as long as you are satisfied with your savings then it shouldn’t matter what you spend the rest of your money on. It’s what makes you happy. But if you are unhappy about spending the money on football games, then talk to him about it.

By: fengshui

fengshui — Sun, 02 Nov 2008 18:00:35 +0000

Good for you DINK, for having 1.5 years saved. Is this 1.5 years of “bills” or 1.5 years of income?

For us, 1.5 years of income would be over $150k and to me, that would take an eternity to save up (at a minimum of 5-7 years) , since our yearly income amount is fairly new to us….. I think that we lack the discipline needed to be aggressive savers. And I just can’t seem to get through to my hubby that it is NOT ok to go out and spend $150-$200 every Saturday by buying football tickets (we live in a college town), and buying lunch and dinner out and rounds of drinks with his friends. He feels that “he works hard all week and deserves to have a little fun” (his exact words), and doesn’t seem to care that it added up to over $600 during the month of October….. I’m pulling my hair out in frustration….. Any ideas anyone?

By: DiaryofADINK

DiaryofADINK — Sun, 02 Nov 2008 08:33:20 +0000

We have 1.5 years saved in a cash account for emergencies and the like that we weren’t able to find a suitable investment for this year. I’m glad we kept it in cash when we didn’t find a house.

We don’t have a mortgage so we rent. We’re married but live on the lower of 2 incomes. I’ve lost hours at work but we increased our 401k contributions to 25% for this final quarter of 2008 in September.

I hope I can look back 1 year from now and say we were right to do this. I have a strong feeling the market will not bounce back…it will climb back slowly after a deeper fall.

The malls are still packed. That tells me the recession hasn’t hit people too hard. When people STOP spending and start saving…then I’ll know a rebound is on the way.

DINK

By: fengshui

fengshui — Sun, 02 Nov 2008 00:46:30 +0000

What about a temporary change in investement “products” like a CD or HY savings instead of 401K?

By: LivingAlmostLarge

LivingAlmostLarge — Sat, 01 Nov 2008 19:25:53 +0000

A 6 figure dump? Was that in one month or the YTD FZ? I think $12 last month was bad enough, I think 15% in one month. But otherwise we might be down like 40% for the year? ouch.