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Economic Downturn
Saturday, 2009 April 18 - 12:34 pm
So, in the last twelve months, we've lost 15% of our net worth, due to the economic downturn. I'm not gonna say how many dollars that is, but let's just say, it's more than a fistful. This is the first annual decline in my overall net worth since I graduated from college. I mean, 2001 was bad, but I've never seen anything this bad.

I read stories about the downturn, and I hear about friends losing their jobs. But, ironically, it never really felt personal to me until I ran the numbers.

Still, I'm optimistic that if I carefully start putting money back in the stock market, I'll be able to recover most of those losses within a year or two. Maybe this time I'll actually catch the next wave at the right time. Green tech, perhaps?

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Posted by Ken in: commentarylife

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