The Great Recession Will Make Us Great.
I saw a television advertisement that asked the question if we are going to “remember this time as the great recession or the recession that made us great?” I normally don’t pay much attention to Madison Ave., but I believe this is a great question.
I have decised to look upon this time, as uncertain as it is, as the recession that will make my family financially great. My wife and I are building a solid financial foundation for our family. When the time is right we will pass the lessons learned to our children. We learned the lessons the hard way and want to give our kids the benefit of our experience. What my wife and I are doing is not extraordinary. Most people can do it, they just don't want to.
I am excited about the future. There are opportunities here and abroad for investment that are fantastic. Being able to invest in domestic and overseas markets does make the world your oyster. If you are studying to become a long term investor I think it is best to look at the next three to five years as a time to lay your investment cornerstones. The next five to fifteen years are going to be fantastic. Study your Graham, Buffet, Fisher and Lynch and invest accordingly.