I don’t “play the market.” I am not an individual stock market investor and I don’t really follow it closely. But my 401(k), what I am depending upon to feed, clothe, and house me now that I’m retired, has my life savings tied to stock market performance.
All I do know is that my “portfolio” has gained significantly over the past year as the Dow Jones Industrial Average (whatever that is) has soared. But then on Friday the market dropped by 666 points. And again on Monday, the market plummeted by 1,175 points, the largest one day drop in history.
All kinds of financial pundits on TV were attempting to explain what the hell was going on. It’s a “market correction” some said. Others feared that the market bubble had burst. Still others said “keep calm and carry on,” saying that it is just part of the normal ups and downs of the stock market.
But now I’m bewildered.
What should I do? Should I cash out my 401(k) and put my money in a bank? Or stuff it in my mattress? Or should I just ride it out? I don’t know.
As I write this, the stock market is up almost 255 points since its opening this morning. I don’t know what being up 255 points really means, but I guess it’s better than being down by 255 points.
All that matters to me is that I continue to have the funds to feed, clothe, and house me until my bubble personal bursts for the last time.
Written for today’s one-word prompt, “bewildered.”