Comments on: It’s Just Pavement

By: Brad Propst

Brad Propst — Fri, 17 Oct 2008 14:25:26 +0000

I counsel with 20-30 people every day regarding their retirement assets. It’s certainly a shock to the system to see your retirement account value drop so quickly (but then again the market has been overly kind to us for the past 10-15 years). Stay the course and keep your focus on the future, the worst mistake one can make is making a move when it’s already too late (keep in mind, “My account value is low- but I still own the same # of shares”). If retirement is still 5-10 years out, one should be able to get back to where they were. If one is able- and is still putting into retirement, then they are getting a 40% discount on the same investment funds they were purchasing 1 year ago (its like Wal-Mart out there).

I’m glad you posted this. It’s a great reminder for those of us who have a REAL future in heaven… it’s sad for those who have no clue and think that earthly treasures are all they have.

By: Lopo

Lopo — Fri, 10 Oct 2008 22:12:59 +0000

I don’t think I’ve ever heard that joke before, that was hilarious!! haha. Seriously though, Jesus is the King no matter what crazy stuff is going on around us, and it is always good to be reminded of that.

By: Jonathan Charles

Jonathan Charles — Fri, 10 Oct 2008 21:12:49 +0000

The closer you get to retirement, the less and less you should have in equities. Anyone retiring in the next few years will probably not make up what was lost. If you are in your thirties, then burn baby burn. I’m not predicting a quick rebound, but just as Greenspan spoke of “irrational exuberance” during the internet bubble, there is “irrational fear” taking place here. It will be a great time to buy if you’ve got a long while to retirement.

One thing I’ve learned. A year ago when the Dow was up at 14,000 a few people were speculating as to whether or not there was a housing bubble. Back in the early part of this decade, a few, like Greenspan, spoke of the possibility of there being a tech bubble. When economist begin to wonder out loud as to there is a bubble in the economy, there probably is one, sell and see what happens.

By: Monroe Roark

Monroe Roark — Fri, 10 Oct 2008 16:10:05 +0000

That joke was just plain hilarious, in addition to conveying a great principle. Keeping an eternal perspective is obviously most important, but even on an earthly scale the current mess is not the end of the world, especially for those of us who know we’ll be working another 20 years. The market will go up again and it will go down again. That’s the way the world works.

By: Jim Peet

Jim Peet — Fri, 10 Oct 2008 15:43:01 +0000

Thanks Dan,

Good reminder and funny (I always appreciate lawyer jokes!).

Used on our young adult website!