Advent Financial Calendar Day 18 Wii Fit ?

in Advent, Bank Rates, Economy, Government

Advent Financial Calendar Box Day 18

Note this list is dated in some areas. I am not sure what the “it” toy is this year, but in 2008 a Wii Fit was the big thing.

You open the box and it is a Wii Fit! What the heck does that have to do with Personal Finance or Advent? Not much, but if anyone has one and wants to get it to me, that would be nice.

The Wii Fit actually is a very good Metaphor for not following the crowd both in investing and in personal finance.  For those who are unaware, the Wii Fit is the new “it” Christmas present and does not stay on store shelves for more than 10 minutes when they are in stock.

In the past 10 years it was in vogue to build up large debt load and figure it wasn’t going to be a problem, which has turned out to be wrong. In investing buying when everyone else buys and selling when everyone sells, you are sure to end up like everyone else.

Do not join the herd, think about why you are doing what you are doing and do what you think is the right thing, not just what everyone else is doing.

Personal Finance Advent Calendar

The complete Personal Finance Advent Calendar box postings.

{ 2 comments }

  • Gene December 17, 2008, 11:29 AM

    Hey, a Wii Fit! That’s more fun than the will hidden away earlier in the month. I like how you used it as a metaphor for following the crowd.

    Reply

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