Are you good?  More than simply checking for good behavior , being good has now come to include the status and condition of our life,.  Are our needs and perhaps some wants met?  Are we are hale and hearty?  Satisfied with our lot, and prepared for tomorrow and our future?  Then you are good.

So what about your investments?  You good?  Nearly every person I speak to says their net worth took a hit in 2008, usually by the falling housing market and the stock market 401K’s got hit too.  What will 2009 bring, other than the job losses we see in the first half at least?  Will our economy bottom and bounce a litte up again this year? Is it time to double down on our equity investments yet?  I mean, if you are going to buy low, then we must be getting to the time to buy soon with these record lows.

What about those job losses?  I guess a lot of folks will be forced into early retirement.  Some of these might actually afford to retire, others will want to work albeit perhaps less than full time or for less than previous pay at less demanding jobs.  One thing I experienced in Calgary in the early 90’s economic bust there was that enemployed people with bills to pay soon become very entrepreneurial as it is one of very few things you can do to survive or even thrive without a job.  Have you got a plan to retire, to scale back, or to get entrepreneurial if the ecomony doesn’t provide a traditional job?

Comments welcome, are you good?

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