The Money Tree
Pull up an easy chair, and sit yourself down and lean back while I tell you ‘bout the folks who live in the town of Greenback….
So goes the old song, The Money Tree, which I learned as a young girl. Sometimes I find myself humming it to this day.
There are actually many plants that are called money plants and money trees. When I pulled the plug on my marriage in 2010 and moved into a lovely apartment overlooking the ocean to heal, I purchased a tiny money plant, a jade (Crassula Ovata) and sat it on the windowsill. Now, 14 years later, it continues to grow and branch, and I offer my cuttings to family and friends so they can enjoy luck and prosperity too.
The path hasn’t always been perfect; especially the immediate two years post-separation. My unpartnered friends and clients know this from their own experiences. Somehow, that’s how long it takes all of us to feel like ourselves again.
Oh, Sh*t, the Market’s Down! What Do I Do?
I have a webinar with this title because down days in the market make me laugh. (Seriously!) On 8/5/24, the stock market had its worst day in two years, part of a three-day losing streak. On 8/6/24, the market closed substantially higher, showing a broad rally.
For 24 hours, market watchers wailed and beat their breasts, published articles about recession, and caused retail investors to sell $1 billion. Big mistake. In contrast, the institutional folks bought $14 trillion on the dip, and that was one of the reasons for the rally.
So, what can you do when the market goes south?
I Love It When A Plan Comes Together
Behind the scenes at Madrina Molly™, we’ve been working our little tails off to create a digital home for Financial and Longevity Planning Education. In fairness, my explorations on the Internet have yielded a few good teachers out there in social media land. But it’s hard to find them.
Currently, the “finfluencers” want to teach you how to trade options, buy tax liens, and purchase their “secret sauce” training.
Newsflash: If you haven’t spent any time learning how to trade up until now, what makes you think you’d be interested in it moving forward? Plus, you don’t have to “trade” to invest successfully.