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Lately in the news....

September 20th, 2008 at 12:23 pm

I feel like there are so many new developments in the finance industry that I cant keep up with it all! Everytime I turn on CNN or MSNBC the anchors are buzzing about some new development and "what it means to me."

Really- I know it's their job to get me riled up over this stuff, and to make it seem like it's the end of the world, but their constant excitement makes it hard to judge if something is "really big" or "they want you to THINK it's really big."

I am lucky I have a small understanding of finances to use as background because the terms they use and speed that they talk is way to advanced for most people. I understand why people choose to stick their head in the sand and flip the channel.

And then I am lucky to also have this forum to go to and read what is going on in the world in "laymans terms."

BTW- Who is this Carmen girl now hosting a Suze Orman type of show on MSNBC and do we like her? I normally like females in mens industries (like finance) but she talks kind of weird (emphasizing 'key' words that are not really key words- speeding up then slowing down her sentences.) But maybe I need to get used to her.

Posted in a bit about me, myself and more me | 4 Comments »

4 Responses to “Lately in the news....”

  1. Broken Arrow Says:
    September 20th, 2008 at 09:01 pm 1221944475
    1221944475

    As you know, the news likes to sensationalize. Sometimes, it's best to just ignore it....

  2. baselle Says:
    September 21st, 2008 at 01:57 am 1221962246
    1221962246

    Yeah, I saw that Carmen girl when we were in Bozeman. (MIL has cable). It was her first show, but nothing on actually saving your money, more on little known tricks for "managing" your money. I still think you get better, non mainstream media advice here.

    I understand your disconnect. I think we are all learning here. Now is not the time to sit back and hide, but it is the time to take this general news and make it more specific. Decide what it means for you and yours. The economy will slow down because of this, and that is what you have to concentrate on first.

    I know this sounds like having a toothache and probing at it with your tongue, making it hurt even more (!), but this is really a good time to more deeply understand the holdings that you do have. Mutual funds and EFTs all have ticker symbols - perhaps going into Morningstar.com, typing in the ticker symbol, and looking at what those funds hold can help to remind you why you bought them.

  3. toyguy1963 Says:
    September 21st, 2008 at 04:08 am 1221970082
    1221970082

    Its hard to ignore the news completely but thats pretty much what I do. I just get myself worked up over nothing too if I listen to it.
    Especially the financial news.

  4. Broken Arrow Says:
    September 21st, 2008 at 06:15 am 1221977700
    1221977700

    I actually read and look at it every day. However, the "scare" doesn't really scare me much.... I mean, if you can keep it in perspective, then you'll be OK. People panic because they're told just enough to be worried, but not enough to not be if that makes any sense. For example, it doesn't seem as news worthy about banks that are doing just fine than to sensationalize the ones that are not doing fine.

    That's why I say ignore it if it bothers you, because news has a tendency of being one-sided sometimes.

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