A Historical Article I am keeping around to remember the year 2008, when the stock market went into the crapper (thanks to the debt crisis).
This has been one of the most interesting years in my life and in the financial world, and I will not lament it’s end, but it is certainly not the worst year of my life (but it isn’t one of the top 10 either).
This year has seen:
- My retirement savings drop by 20% in value thanks to the stock market implosion, caused by the shenanigans and tom foolery over low rate mortgages in the states, and the financial apocalypse.
- My career at Nortel finish at 20 years (I am still looking for gainful employment), but maybe that is a good thing at the end of it all. With this I have taken complete control of my retirement savings, as well.
- My oldest go off to University and now I am learning how the business of higher education works (and it’s ins and outs).
- An election that seems to have resolved nothing and we are more likely than not off to the polls again in 2009, which always makes for fun writing.
- The birth of the TFSA, but I am not sure how I am going to use it yet.
- Gas prices going up and down have caused havoc with any kind of budgeting attempts by my family, but the cheaper prices now, has managed to balance mid-year large outlays for fuel.
- Interest rates remain at historic lows and inflation has calmed down with the drop of fuel prices as well, where will this lead? I have no idea, but I hope interest rates stay down for a while longer, then they can sky rocket (remember interest rates low good for borrowers, bad for bond holders).
- I await a “bail out” by the government for me, but I guess for the common man, the “bail out” is called buying lottery tickets. Maybe I should change my name to Ford?
- I have written well over 250 posts this year, which is the most active writing year I have ever had.
I thank you kind reader for your patronage this year and hope you keep coming back to see my view of the Personal Finance world in the coming year.