I was going to have a 2008 year end review post for the site, but then I figured it’d be too depressing. So here are a few cartoons that sum up the year better than I ever could. I honestly don’t know whether to laugh at them or cry. You can be the judge.
Either way, 2008 was a rough year for investors both young and old. Luckily though as Gen Y investors, we have plenty of time to recover and profit from the recent economic turmoil. If history is any guide, now is the time to be buying up shares in great companies and investing for your future. Remember to stick to quality companies that pay dividends, have manageable debt and steady earnings. Also, remember to have a diversified asset allocation that matches your time horizon and risk tolerance. This will insure that you never suffer catastrophic losses that you can’t recover from.
I’d like to wish everyone good luck in the year ahead. Hopefully 2009 will be more profitable for investors than 2008. Stick with Generation Y Investor and Happy New Year!
