If you were paying attention to the news yesterday, you probably saw that the stock market decided to take quite a dive. Most indicies slipped 2-4% in a single day. Normally, I wouldn’t mind so much, as it is all just a part of the current cycle, but it is quite irritating that this happened with just a few trading days left in the second quarter. Up until yesterday, Q2 was basically flat after seeing some decent gains earlier in the quarter. Now, with yesterday’s big drop and only a few days left to go before the quarter end, it will take a small miracle to end on a positive note.
This means that when our second quarter statements go out in a little over a week, most people invested in stocks are going to see another negative return. The general theme this year has been to educate people about the ups and downs of the market, and how regular investments every paycheck will help smooth out the volatility, but having three consecutive quarterly losses is going to make this a much harder sell.
Even though the losses may only be in the 1-3% range for the quarter, I’m worried that we’ll see a mass exodus of people moving into the fixed account as they grow tired of seeing losses, even if small. I guess it just means it will be another rough couple of weeks down at the office. Good thing there is a long weekend coming up with the 4th of July holiday!
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Buying and Selling a Computer – If you’re looking to buy or sell a computer, Lazy Man has some tips for you. Personally, I always build my own. I love to tinker with electronics and customize the machine exactly to what I need.
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Buy Costco Gas without Costco Membership – Have a Costco near you but don’t have a membership? Well, Jim has found a way that you may still be able to get their discount gas.
Stop Whining & Start Making Some Money – If all you do is pay attention to the media, you’d probably think it is the end of the world out there. Well, if you stop and think about it and consider what you have relative to the rest of the world, you can then focus on finding opportunities to make more money. Or, you can just piss and moan about everything and feel sorry for yourself. You decide.
The Hidden Costs of Renting a Car – Renting a car for a trip this summer? It can be a great way to cut down on travel costs and keep wear on your own vehicle to a minimum, but make sure you understand all of the hidden costs that can be associated with renting a car.
RBS Predicts a Global Market Crash – Part of me hopes RBS is wrong, but part of me hopes they are right. A global market crash on many levels would be devastating, but at the same time, I’m at a point in my life where I could really exploit and benefit from a severely depressed market. Whatever happens, we have no choice but to deal with it.
How to Tell If Your Home is Overpriced – People tend to have high expectations when it comes to the value of their home, and it can be difficult to realize it isn’t worth as much as you think. Here is one way you can tell if your home is overpriced.
But I Just Don’t Feel Like It… Four Strategies To Fight The Takeout Urge – Luckily we live so far in the country that takeout isn’t even an option, but for most people it is a common dinner theme. Unfortunately, it can be costly. Here are some tips to help you resist the urge.
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Filed Under: Friday Finance Findings
About the Author: Jeremy Vohwinkle is a Chartered Retirement Planning Counselor® and spent a few years working as a financial planner. Today, he helps people make the most of their money by writing about personal finance here and elsewhere on the web. Jeremy is also Coach at Adaptu and a regular contributor for other publications such as Intuit, and American Express. Be sure to follow Jeremy on Twitter or Google+.