What changes are you making due to economy?

Hell Puppy · 10-05-2008

So the economy is in the toilet. Credit is non-existent unless you have good credit and enough downpayment to ensure the lender isn't stuck with whatever you're buying. Stocks are tanking.

What changes are you making in terms of business and personal?

For me, as I've said, my investments are already pretty well diversified. I will not do a sell off of stocks or funds. I am continuing to contribute additional money to my accounts at same rate I always have. I may rebalance a bit more conservatively toward the end of the year depending on what the market does between now and then.

I have moved some money between banks though. The bailout bill moves the FDIC limit to $250K, but I feel better with fewer eggs in more baskets right now.

I continue to make major purchases that I need for business. I had to have a new laptop, I bought it. Likewise I continue to upgrade network storage, etc as normal.

But I may scrutinize personal purchases a little more. I've had an itch for a new SUV since the car dealers are practically giving them away. I'm gonna sit on that one a bit longer so long as my current one doesn't cause me any pain.

And for money that I may have routed into something like that, I am beefing up the "rainy day" fund a bit. Likewise, I'm about to go thru everything business wise and do some consolidation and revamping to maximize what's going on and cut some high risk stuff. High risk meaning anyone that I think might be tits up (or sold to DeeCash) in 6 months is gonna go.

That's why you see me sniffing around doing some new diversification.

At the same time, there aren't enough hours in the day right now, and it looks like it may be a very good time to hire some help. So far I haven't found anyone that is both sane and hungry.

10-05-2008	#1
Hell Puppy Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 6,523	What changes are you making due to economy? So the economy is in the toilet. Credit is non-existent unless you have good credit and enough downpayment to ensure the lender isn't stuck with whatever you're buying. Stocks are tanking. What changes are you making in terms of business and personal? For me, as I've said, my investments are already pretty well diversified. I will not do a sell off of stocks or funds. I am continuing to contribute additional money to my accounts at same rate I always have. I may rebalance a bit more conservatively toward the end of the year depending on what the market does between now and then. I have moved some money between banks though. The bailout bill moves the FDIC limit to $250K, but I feel better with fewer eggs in more baskets right now. I continue to make major purchases that I need for business. I had to have a new laptop, I bought it. Likewise I continue to upgrade network storage, etc as normal. But I may scrutinize personal purchases a little more. I've had an itch for a new SUV since the car dealers are practically giving them away. I'm gonna sit on that one a bit longer so long as my current one doesn't cause me any pain. And for money that I may have routed into something like that, I am beefing up the "rainy day" fund a bit. Likewise, I'm about to go thru everything business wise and do some consolidation and revamping to maximize what's going on and cut some high risk stuff. High risk meaning anyone that I think might be tits up (or sold to DeeCash) in 6 months is gonna go. That's why you see me sniffing around doing some new diversification. At the same time, there aren't enough hours in the day right now, and it looks like it may be a very good time to hire some help. So far I haven't found anyone that is both sane and hungry.