Thursday, October 13, 2005

Buy high...sell low.

Can anyone tell me what is going on with the American Stock Market? Every time I turn on my computer lately, the market has dropped by another 50-100 points. Wasn't the Dow supposed be over 11,000 by now?

It matters because one of the biggest joys that the S.O. has educated me on, is the power of saving money. (She has it down to a science.........Ebeneezer was a spendthrift next to her). Back with my ex, all that would happen is that I would save it, she would find new and interesting ways to spend it. Now I have a regular program of "pay myself first".

So I have money automatically come out of my pay and go to my mutual fund(s). At the end of the month I go to the web site and see how much money I've gained. Lately however all I am seeing is:

(RED INK!!)

Somehow, I don't think this is the way dollar cost averaging is supposed to work.

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