Friday, September 09, 2011

Silly market

There is an old saw about getting out of the market in April and returning in September.  Isn't working well this year!  Dow is down over 300 points today.  Up a hundred one day, down a hundred the next, makes you seasick watching the darned thing.  Oh well.  Not much I can do about that!

We've spent the morning cleaning the house.  At least that's productive!  A friend mentioned cleaning their deck with a pressure washer.  I don't know why we hadn't thought of getting one before but we did and it sure makes short work of the deck.  It looks a 1,000% better in half an hour and the pressure washer uses less water than we'd use with just a hose and a brush.  Life is good!

I was reading Random Roger (as usual!) and he commented that it seems many people of retirement age still have a lot of mortgage debt.  Well, why not?  Having EXCESSIVE debt is always bad regardless of the origin of the debt but the key word is 'excessive' not 'debt'.  We owe $10K or so on our car as well but Toyota offered us a 0% loan.  We get to keep our money invested and pay off the car over several years.  What's wrong with that?  It's not like we trade vehicles every year.  Our cars last us a while:  Mazda 626 (10 years); BMW 325 (15 years); Bronco II (10 years); GMC pickup (9 years).  Aside from this 0% deal we haven't had a car payment since about 1995.  Well, that's not quite true.  When we bought our current Ford F250 they had a deal where if you financed the truck you got an additional $1000 or so off the truck.  We financed it for something like three months then paid it off.  The things we'll do for a grand!

Gotta go.  Keep your head.  The sky isn't falling quite yet!


Croft said...

That market fall plus the earthquake we had here yesterday combined to give us a bit of a jolt up here on Vancouver Island! Our friend's retirement party last night and the beautiful sunny day today reminds me that, like you say, the sky isn't falling!

JoeinVegas said...

Time for you to get a new car and support the economy