Stock Market Lesson

As the stock market heads south, it is time for a bit of financial advice. Keep this in mind: This information is coming from a former DJ, not a financial advisor. Not even close to a financial advisor. This opinion is from a guy who just had to google “financial” to see if he spelled it right.  

First, I have invested in the stock market for a long, long time. Second, before putting my money in the market I built up an emergency fund. Thirdly, as I grew older, I decreased the percentage of market money in my portfolio and replaced it with safer products. The last thing you want to do is to have to sell stocks or funds during a downturn.

1960 Corvette

Here is a “could have happened” example: Today, on the Marietta Square, I decided to hot wire a 1960 Corvette and drive across the country. Of course, I was apprehended and had to post bail to get out of the hoosegow. Thank goodness I had an emergency fund and had allocated a percentage of my portfolio to a safer haven. Otherwise, I would have to take money out of the market at this inopportune time to pay some lawyer.

Moral of the story: Don’t get caught! I mean, have an emergency fund, and stay the course.