"Brother, can you spare a dime?"
We've been down this road before. I was adopted and raised by my maternal grandparents, who lived through the Great Depression. The hard times of the Depression affected all of those who lived through it. Like many who survived the difficult times of the Depression, my grandparents remained frugal throughout their lives and never wasted anything or spent their hard earned money on anything frivolous. I suppose some of that frugal mindset was passed on to me.
Some people play the horses, some drop quarters in the slot machines, and those that don’t understand basic math buy lottery tickets. I drive a 40 year old car and squirrel away every dollar I can. My portfolio has taken quite a hit as of late, as has everyone’s. There’s no need to panic, yet, but one would be wise to keep a watchful eye on the market.