Hello my frugal friends!
It has been a whirlwind week getting started blogging! If you are reading this it means I survived. I just wanted to take a moment to thank everyone for sticking with me so far. Getting started has been craziness but I am looking forward to the future and to making new friends and learning together will all of you.
Today I spent the day getting some of my money in order. Unless you live under a rock, you are well aware that the stock market has taken a beating in the New Year. I wanted to take some time today to move some money around.
I tend to invest my money for the long term, so I don’t move it around too much. But I did want to take a moment today to make sure I knew where my money was an make a few tweaks.
In case you are wandering, I did invest more in stocks. I know it seems counter intuitive, but I love a sale, and blue chip stocks like Walmart and Coca Cola seem like a good sale to me.* These are stocks that I believe in, use and feel like they will be around for the long haul. Yes, they have dropped in value, and may continue to do so, but for the long haul I feel like will go up. Right now they are a deal, so that’s where my money is going.
Everyone has their own styles in investing and money management. Take some time this week to look at where your money is and think about if you feel it is working for you, and if it is where you feel most comfortable keeping.
*I am NOT a financial planner. This musing is my own personal opinion and not meant to be taken for financial advise of planning. If you have questions about your individual situation, please seek the advise of a licensed financial planner.