Barack, The Peoples' President

Hello again,
This is Frugal Frank back for the 2012 election. I will state for all to know that I am a fiscally conservative, socially liberal democrat and I like President Obama. If you ask me if I am better off than 4 years ago, the answer is yes. Four years ago, I was laid off, but today I am working in a new career. I will not even discuss Mitt in this post because of what I heard him say at the private donors meeting, he's not running to help out me and my other 47% of Americans who at times have had to rely on Uncle Sam for a little unemployment assistance. We help built this country but some people want to kick us when we hit a rough patch in the road. Also, I don't trust anyone who won't bank their money in the good ole U.S.A. Well, enough with politics, I am a history buff and could talk days about the Gilded Age and the New Deal comparisons. Only thing I can say is vote whether you are republican or democrat, our Black(yes, check with DAR, over 6000) and White Revolutionary forefathers fought too hard for this right.

In today's economy, I never thought that putting your money in the bank and under the mattress would give you the same return but that is the case today. Your only option to stay ahead of the game is to risk a little in the market. If you have  401K or IRA money, Vanguard or TIAA-CREF will still give you the best bang with low administrative cost. They are conservative but their funds are doing pretty good.

If you invest in the market follow a principle I like: Stick to what you know.
Really, if you pick up your local newspaper you will find deals in companies in your back door. Think about it, Labcorp was once a small testing lab in a small town. The people who missed it, missed big. How many times do you wish you had bought Ford stock at a $1.00 a share three years ago. No, I don't give stock picks because there is no magic bullet, but only persistence and staying in the game. Remember losses are only on paper until you sell. Wait I take that back; or unless you own Enron(that a real loss).

Until later,
Frugal Frank on the Blackside