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Recession won't get me down!

February 15th, 2008 at 08:21 pm

Here is my new, improved outlook on the economy: A downturn in the economy will benefit me in the long run, so I happily accept it and am using it to my advantage.

We all know, by looking at the history of the stock market, that there are ups and downs, but over several years/decades, the returns are big. Therefore, I welcome this temporary decline to invest in stocks which are have great growth potential and getting them at a "bargain".

The decline in savings interest rates is distressing to those of us who have a lot of liquid assets; however, I'm going to keep stashing my cash into the highest rate accounts I can, because when the rates do bounce back, I will benefit right away - the money will already be there.

3 Responses to “Recession won't get me down!”

  1. Broken Arrow Says:

    That's a great outlook!

  2. Ima saver Says:

    Good attitude!

  3. Lylic Says:

    As the quote from a recent MSN Money article stated: "Stocks seem to be the only thing people don't like to buy on sale."

    Yours is a wonderful reminder of the attitude we should all have, despite the uncertainty and skepticism we may have toward the future.

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