Comments on: Considering a new investing position: fetal and 100% in cash? http://moneymerc.com/2008/10/13/considering-a-new-investing-position-fetal-and-100-in-cash/ a personal finance blog dedicated to little finance decisions with big impact Sun, 31 Oct 2010 02:27:04 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: How will you invest now? | MoneyMerc http://moneymerc.com/2008/10/13/considering-a-new-investing-position-fetal-and-100-in-cash/comment-page-1/#comment-162 How will you invest now? | MoneyMerc Wed, 10 Mar 2010 03:23:42 +0000 http://moneymerc.alexbenke.com/?p=34#comment-162 [...] Earlier in 2009, I suggested that you review your financial worst case scenario - it was still a scary and dark time in the markets, with lots of uncertainty.  No one knew it at the time, but it was actually the beginning of an excellent run in the stock markets (DOW JONES up about 30%).  In the following months, the financial industry came out of it’s total eclipse, credit markets began to open up, and portfolios began their turnaround.  But how did YOU fare?  It all depends on the actions you took in those critical few months.  30% up doesn’t matter if your position was primarily “fetal and 100% in cash“. [...] [...] Earlier in 2009, I suggested that you review your financial worst case scenario – it was still a scary and dark time in the markets, with lots of uncertainty.  No one knew it at the time, but it was actually the beginning of an excellent run in the stock markets (DOW JONES up about 30%).  In the following months, the financial industry came out of it’s total eclipse, credit markets began to open up, and portfolios began their turnaround.  But how did YOU fare?  It all depends on the actions you took in those critical few months.  30% up doesn’t matter if your position was primarily “fetal and 100% in cash“. [...]

]]> By: Alex http://moneymerc.com/2008/10/13/considering-a-new-investing-position-fetal-and-100-in-cash/comment-page-1/#comment-59 Alex Wed, 22 Oct 2008 02:05:38 +0000 http://moneymerc.alexbenke.com/?p=34#comment-59 Hi Ink, first off, having a brother who is pursuing a career in acting, I give you guys a TON of credit for going for it all, and following your heart. For writers and artists, my advice about your financial plan is the same as other 20 and 30-somethings. First, make sure you are not building debt (and are getting out of it, if you have credit cards), and that you are remembering to save. Establishing an emergency fund (in cash or equivalent, of 3-6 months non-discretionary living expenses) is just as important for you as it is for those of us in the banking industry these days - you never know when you might be out of your day job and need to get through until the next one comes along. After you start to build some savings that you know are for the long term (10-year horizon), then you should look at investing. Hi Ink, first off, having a brother who is pursuing a career in acting, I give you guys a TON of credit for going for it all, and following your heart. For writers and artists, my advice about your financial plan is the same as other 20 and 30-somethings. First, make sure you are not building debt (and are getting out of it, if you have credit cards), and that you are remembering to save. Establishing an emergency fund (in cash or equivalent, of 3-6 months non-discretionary living expenses) is just as important for you as it is for those of us in the banking industry these days – you never know when you might be out of your day job and need to get through until the next one comes along. After you start to build some savings that you know are for the long term (10-year horizon), then you should look at investing.

]]> By: ink and beans http://moneymerc.com/2008/10/13/considering-a-new-investing-position-fetal-and-100-in-cash/comment-page-1/#comment-52 ink and beans Wed, 15 Oct 2008 21:37:29 +0000 http://moneymerc.alexbenke.com/?p=34#comment-52 That's fine, but does the advice differ for aspring writers and other artists who are simply waiting to be (inevitably) discovered, at which point the millions will start rolling in? If I haven't said it already, congrats on the blog, Alex. That’s fine, but does the advice differ for aspring writers and other artists who are simply waiting to be (inevitably) discovered, at which point the millions will start rolling in?

If I haven’t said it already, congrats on the blog, Alex.

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