I spent the better part of the morning trying to figure out what in the (F)inancial is going on. I read about the Dow plunging, China meltdown, Gold rising and gold plummeting, the federal reserve keeping interest rates steady and expectations for them to raise them, and finally that we are long overdue for a recession. This isn't a recession we are in? You could have fooled me.
Things don't look good out there and we have more than one year left of Obama. I have a family to take care of and I don't know which direction to head in for financial security planning. I bet no one does. Unlike the multi-millionaires and billionaires, I can't afford to loose 25% of my investments. That would be catastrophic. These days I am more worried about holding onto what I have than trying to make it grow. I know a lot of people who feel the same way. This can't be good for the affect it has on the entire picture.
There is no reason to be confident in any type of investment that I can find. If anyone has a decent road map to make it through the future let me know. Mine flew out the window in 08 and I've been winging it ever since.