Here's an interesting take on the current financial situation.
A 57 year old man comes into my office today for followup of a heart attack for which he was recently hospitalized. Among other things, he wants me to prescribe a sedative for him, because he does his own stock trading, he gets very anxious when he sees his money going down the toilet, and he is worried that the stress might bring on another heart attack.
I'm paid to give medical advice, not financial advice, but I thought it was reasonable to suggest that at this time, he might want to get out of stocks and into precious metals. Or into anything other than stocks. And do it, like, right now. This afternoon.
His answer was that he has to keep playing the stock market , because he doesn't work, he doesn't have much money saved, and playing the stock market is the only way he can give himself and his wife an income to live on.
It makes you realise how close to the edge some people live. I hope I don't see him back in my office again next week with another heart attack.
It always amazes me how some people choose these collision courses with disaster. He wants a sedative to block the anxiety that his intelligent body is purposely and wisely creating because he's participating in an overly risky activity rather than (1) working on down-regulating his anxiety through meditation, diaphragmatic breathing, relaxation techniques, etc. (2) eating a healthier diet and taking appropriate supplementation, (3) exercising, and (4) looking for a less risky line of work to generate income.
A group for sharing the concerns and strategies of "senior" or near senior and/or retired members of the Peak Prosperity community.
A general resource for identifying & obtaining fulfilling work with purpose
A resource for planning for & reacting to the unexpected (storms, natural disasters and other shocks)
Members to support one another in investing endeavors
Preparing those people on Ise Lodge (Kettering) Northants, interested in the future post fossil fuel.