Tues. Feb. 6th, 2018 Today is about the financial markets

61F and 100%RH this morning. In other words, slightly cooler than shirt sleeves weather with heavy mist.

Dog let himself out.

Today is a “keep an eye on the markets day.” Lots of potential pigeons coming home to roost. I know, doom and gloom, and we’re still here… yep. 2000 Tech meltdown anyone? 2008? We’re overdue. If you are still in the markets, why? How much higher can it go? Why? If your investments are up, think about ‘locking in your gains.’ Don’t be greedy.

As well prepped individuals, we’ve already built a rainy day fund, equal to [whatever makes you comfortable but] at least a couple months expenses or a new transmission. We already have some cash on hand [might want to increase that, you can always put it back later], we already have food in the pantry and on the shelves, we already have some of our stored up lifetime of work — money saved — in some physical goods that will hold their value [lead, steel, or PMs] so we don’t need to panic or make radical moves, right?

However, when there are storm clouds on the horizon, you clean up the yard and make sure you’ve got what you need to get by for a while.

Keep your eyes open, think about what you’d do if you didn’t have access to your retirement accounts for a while, couldn’t use an ATM (or were restricted to how much you can withdraw), and most importantly, WHAT YOUR NEIGHBORS might do in that situation.

nick