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BVC #2 – Sitting On The Sidelines Is OK [VIDEO]
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Thank you everyone who left a comment on my first Bargaineering VideoCast about Filtering Personal Finance experts, I took your advice to heart and made some changes. I still have to work on a LOT of things, like being videotaped, but at least you won’t get sick watching it!
This video talks about how there seems to be an aversion to “sitting on the sidelines.” You have money burning a hole in your pocket and you want to invest it so it can grow right? Well, when the rules of the game are changing, sitting on the sidelines may be the smartest thing you can do. Remember Rule #1 – don’t lose money!
The next video will be a product review, something where video adds value over an audio-only podcast.
I’d love to hear what you all thought, please give me more tips! (and my next video won’t have quite so much crap in the background, my wife made sure of that!)
{ 3 comments, please add your thoughts now! }Related Posts
 By Jim |
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What a fun idea! You’re very brave…and a lot more photogenic than I am!
If it were me, I’d try to practice at looking directly into the camera more consistently. If you watch TV broadcasters, you’ll realize that they reason they appear to be speaking to the viewer is that they’re staring straight into the center of the camera. Kinda hard to carry on a conversation with a camera lens or a computer monitor, eh?
On the content: need more content, or need to make the blurb shorter. You end up repeating yourself several times.
And also on the content: agreed! This is not the time to be throwing money into the market, unless you have some cash you can afford to lose. If you do, though, it probably IS a good time to buy securities. I’m still contributing to the 403(b) but putting the money into much more conservative choices than before. My financial advisor has been steadily moving my big IRA’s funds out of stocks and into safer investments for the nonce — unloaded American Express and several other formerly reliable choices and moved into bonds, gold, and cash. Not having another 40 years left to me, I will never again see the $200,000 lost to the Bush economy, no matter what strategy I use.
Great idea to add a videocast! I think the content is great. It is OK at this point to sit on the sidelines as there is great uncertainty and trepidation about the near term future of the markets.
I must say I am personally wrestling with whether or not to ‘cash out’ from my securities accounts I currently own and to sit on the sidelines, or to continue my present course of monthly contributions. No one knows the secret I’m afraid…
You say “don’t try to time the market”, but you advocate sitting on the sidelines until you see an opportunity. Isn’t that contradictory?