US of A Financial Crisis Thoughts

Bummer about the Financial Market in America. Reading and watching everything, not to mention working in the investment field, has given me quite a deeper knowledge than I ever thought I would have about investments.



I am finally contributing to an IRA and THIS happens!



Though perhaps it's a good thing that I have only just begun contributing. I would be very upset if my years of earnings suddenly dropped like it was hot. Seeing $600 lost just this round got me fired up enough to realize I don't do well with market fluxuation. I believe that makes me a conservative moderate investor. Oh wow. I guess I have learned a thing or two after all while working my dead end job! Hooray!



This situation that has occurred is what is the problem with everyone telling you social security won't be around and encouraging everyone young to invest privately instead. Then we all invest blindly to secure (we are told) funds and share the burden of fate with millions of others. But now we are all affected, not just the big risky traders on Wall Street(who always seem to have more and more money no matter how low the Dow goes. How does that work?).



Without getting too soap-boxy I just want to point out that not everyone likes to gamble. Some people react to losing money emotionally. Especially when they dont have a lot. And those people with hardly anything to save financially have been told to put all their tiny hard earned cash pots into their IRAs and 401Ks by every advisor in the country and now they are dealing with losses usually only hard core investors are used to.



Its tough. Its not fair. And there really isnt anything much to do about it but wait and hope this teaches a lesson to greedy people.



Dont hold your breath.



Also, I really feel bad for the people who worked so hard and are retiring right now, with possibly half the money they anticipated retiring with. And inflation is only getting worse. Wow. One more thing that terrifies me about getting old. I will add that to the list. Inflation vs. retirement money saved. Ha!



Oh America...



Fuck yeah.