Saving log - $2 tip box
Spending log - $12 lunch
SWOTs are a kind of old school brainstorming technique. I'm going to brainstorm here a bit and apply the answers to my investing and financial plan.
S - Strengths - strong cash position; patience; somewhat diversified (403B, IRA, Roth, taxable, cash equivalents, individual stock); no outstanding credit; still have a job w/benefits including health insurance and a bus pass; ability to save; can live cheap; good health; stable relationships; optimism & gratitude; ability to think and learn; a taste for being contrarian.
W - Weaknesses - emotion (unless you're Vulcan, you have that problem); my investments already have a lot of moving parts; need to experience things to learn them; a taste for risk; tendency to cheerlead and weigh positive info more strongly than negative info; incomplete analysis; too much/incoherent data; being contrary by itself is not a good enough reason to do things.
O - Opportunities - stocks are dropping to levels that I can afford; real estate is beginning to drop to levels that I can afford.
T - Threats - macro economic uncertainty (deflation, inflation, stagflation, hyper-inflation - do I have all the -flations?); political uncertainty; will I have a job?; mis-timing how low asset prices can go (they can keep dropping); as I buy, I tie up money that I'll need for other things.
my SWOT
October 8th, 2008 at 02:59 am
October 8th, 2008 at 09:39 am 1223458753
October 8th, 2008 at 11:46 am 1223466366
October 8th, 2008 at 12:57 pm 1223470620
Nice way to analyze one's present situation.
October 8th, 2008 at 01:39 pm 1223473181
October 8th, 2008 at 04:53 pm 1223484790