2 - Invest

Welcome back Franco fan! Please share your thoughts and leave some comments!

Warren Buffett recently penned an article explaining why he is investing in US companies during this hair raising credit crisis. Please take a couple minutes to read it and gain some perspective on the current market conditions in light of previous stock market downturns and the overarching goal to remain focused on long-term investment returns. 

Franco

During the last couple weeks, we have seen trillions of dollars evaporate with major market sell-offs across the globe. Market volatility is at it’s highest level in decades, housing prices continue to fall, and basements leaks are becoming more and more expensive to fix (oh wait…that’s a local problem for yours truly). All this happy-go-lucky news has left many investors in a state of paralysis wishing the bad man would just go away. At the same time, my most recent scare job about the perils of putting off investing brings us to a bit of a cross road. Should one really be investing their hard earned money into “assets” that seem to become less and less valuable by the minute?

By now all the frugal followers have begun amassing a tidy fortune from my money saving tips, but what should one do with these new found riches? The answer is where phase two of the Frugal Franco plan (save - invest - give back) comes into play.  Most everyone has heard the old adage, “it’s never too late to start saving,” but really it should read, “It’s never too early to start investing.”