Embracing capitalism with a capital C.
My wife and I have decided that we hate being poor.
We have very little faith in our retirements being there for us, as managed by our employers, or by our government. We would like to save it ourselves.
But at the rate the dollar is shrinking, simply "saving" it is madness. Might as well use cash for home heating. So now, as is most of the time, it is a good time to invest.
Truthfully? It's a GREAT time to invest. Stocks are low. The dollar hasn't bottomed out. The upswing will eventually come, when the panic sellers realize that it's time to pull their heads out of the sand, dust off their hands, and get back to business. There are bargains to be had out there.
The one that I look at a lot is oil. This country, along with the world, runs on the stuff. And for all our happy nattering about reducing our dependency on it, the world market is thirsty for it. But right this minute, that lovely commodity has fallen from over $120 a barrel to under $48 a barrel. (Gone are the days when a character actor formerly known as Major Nelson could create a huge stir by proclaiming at a convention that this nation would soon see $50 a barrel, as in the early '80s.) I'm trying to decide between futures or shares in oil companies. But I still won't ever own Exxon stock. Screw'm.
Then, too, we look at mutual funds, like Vanguard. Sure, they've taken a kick to the huevos, lately, but in the long run, they perform. The thing is, I don't want to buy a single share of a company that took bailout money from the feds. We cops think a lot about the old "fruit of the poisonous tree," and I don't want any. I also don't want to do business with banks that took bailout money from the government. You know how there are those "ethical funds," that only have stocks in green, fair-trade, no rain forests endangered, free of animal testing companies? I want to buy shares in a "No Socialism" fund. I'd buy as much as I could afford.
We're looking at buying in little steps at a time, say $2000 per purchase. When the bucket fills back up again, we'll buy another $2000.
We're ready to spend some money to make some money, here.