The weather, once again, has not cooperated this week, so a whole lot of outside work didn’t get accomplished. You probably saw where I did spend a little time, however, outdoors cleaning a few iron pots for Judy until I had a minor incident involving my sweatpants. Oh well, those pants were worn out and needed to be thrown away so maybe it was just meant to be. Inside, I did spent some time digging through a closet and found a number of things which needed discarding. I also found a few things I forgot I owned and a few other things that have been lost for awhile. All and all it was a pretty good endeavor.
The majority of the week was spent thinking and reading about money and investing. I go through theses spells every now and then and it seems it always happens when the markets are high and I am just getting over being burned by my last great investment ideas. The majority of our savings is in safe mutual funds and I don’t touch it. However, I do have a wee bit of “play money” that I interact with when it strikes my fancy.
I looked at a couple investment accounts, which were being neglected, reviewing the few stocks I still own, and I debated if I should just let them continue to do their thing or should I make a few trades and try to improve my position. I usually read a several investment websites, talk to my investment buddy, watch a handful of charts and make a couple of changes. Then the investment urge relieves itself and I go back to pretty much ignoring the stock market. I have to admit, it’s just not one of those things that really excites me too much mostly because so much of what goes on is out of the investor’s control and it’s hard to differentiate fact from fiction. All I care about is that sufficient funds are there when we need them. I don’t focus too much on maximizing returns or beating indexes. My best financial advice is stay out of debt and spend less on things that don’t really matter and keep your hard owned money for necessities. Unfortunately, at our house, yarn is still defined as a necessity! Despite the yarn, our early attempts at minimizing and our Keto health style changes are really showing how much less we really need for our day to day living. I have to admit that even the yarn deliveries seem to have slowed down or could they still be showing up but I just don’t see them??? There sure seems to be a lot of blog posts involving “new” yarn. What do you think?
justquiltin says
VInce – as you say about investments – “it’s hard to differentiate fact from fiction” – it’s the same thing with those alleged yarn purchases — are there really lots of them or just a figment of your imagination? 😉 I enjoy seeing all you accomplish outdoors – especially when it is still currently snowing here.
Jen says
Yarn is most definitely a necessity! It is cheaper than therapy. ? I keep telling Judy she needs a CSM so she can get all that sock yarn used up.
Wanda Jordan says
All sounds like you are doing a terrific job with the investments. Keep up the awesome job.
Linda in NE says
We live in NE and have had a snowstorm about every 3 days lately. My husband just said he’s so tired of the snow & cold and staying inside. He says it wouldn’t be so bad if the fish would at least bite so it would be worth it to go ice fishing. He lives for ice fishing!
Joyce says
Yarn is critical for the emotional well-being of your wife. Just remember: happy wife, happy life! You don’t want to mess with that!
Nelle Coursey says
I think if Mama ain’t happy, nobody ain’t happy! LOL She has not ordered a “lot” of yarn as per blog posts and you have seen it all. She works hard and deserves her pleasure. Besides, she makes things for you too. Hope you do well with the investing.
Cherie in St Louis says
I’m definitely a keep on eye on it but don’t get too involved with our retirement savings. I move to a move conservative portfolio as retirement gets closer but that’s about it. As you say so much is out of the investors control and the market is only semi rational!! You’re advice to stay out of debt and only spend on what you need and only occasionally on wants, is the best I’ve heard!
dezertsuz says
I believe Judy is investing a lot less in yarn these days. The best advice is when you said stay out of debt! We might only get 2.5% interest on CDs, but it’s way better than paying 16% or more for something we didn’t really need to go into debt for. I remember when people saved to get things … how much more we appreciated it, too! =)