Are you losing faith in the market?

In this Tuesday, Jan. 1, 2013, file photo, the dome of the Capitol is reflected in a skylight of the Capitol Visitor’s Center in Washington. By delaying hard choices on spending, the fiscal cliff deal guaranteed more confrontation and uncertainty this year, especially when Congress must vote later this winter to raise the government’s borrowing limit. That’s likely to keep businesses cautious about hiring and investing.

The nation didn’t end up falling off the dreaded fiscal cliff.

I envisioned a final scene from a movie. ‘We the people’ tumbled off a cliff and were hanging on to a branch that was slowly ripping from its roots as we held on for dear life. And finally, after ignoring the nation for months, the Senate and House joined forces and clenched hands with us, pulling us back onto land, avoiding what would surely be a fatal fall.

Though our feet are now firmly planted on soil until the next fiscal crisis, I am left to wonder, who still has faith in the economy, or the stock market?

My 401K isn’t impressive, nor is my savings account. But I much would rather shoot down I-81 to Hollywood Casino than put my money into the market.

Maybe I am ill-informed. Maybe I don’t trust the system. But I feel much more comfortable putting $500 on red than putting it into stocks.

And apparently I am not alone. Ordinary citizens are losing faith in the market.

Do you have faith in the market?

Do you plan to invest in 2013?

 

About Mike Spiro

I am really good at sports that don't matter. I think Billy Joel is the best artist in the last 20 years. I listen to the Opie and Anthony show everyday. Yes, radio show, google it. I love two things, a really good movie and a really good conversation.
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One Response to Are you losing faith in the market?

  1. Scott Downs says:

    You would benefit by learning a bit about investing. It makes a lot of sense, particularly if you start when you are young. For starters, I suggest a book called “The Wealthy Barber” by David Chilton.

    In response to you questions:
    Yes I have faith (long-term) in the stock market.
    Yes I plan to invest.

    PS – a number of newspaper stocks performed exceptionally well in 2012. Far better than the Dow average.

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