I cannot believe the amount of worried/panicked Tweets, Facebook posts & Articles I have seen the last couple of days (especially from people in the personal finance community).
Everybody breathe. It’s going to be okay.
I’m going to break this down for you: Markets go up AND down. Crazy right?
The last little while has been an exceptional run for the markets, and now it looks like a correction or perhaps even a big pull could happen. THIS IS NORMAL. It has happened before and it will happen again. What should you do? NOTHING! Stick to your plan.
Everyone knows the phrase “buy low, sell high” but so few people actually follow this advice. Don’t get me wrong I GET IT – holding during a big drop can really test your nerves…but PLEASE FOR THE LOVE OF GOD – don’t fall for the sky is falling routine – you will be better off holding (or buying more during a big dip). If you are close to retirement or the phase of your life when you need to start withdrawing funds – chances are you have already adjusted your portfolio accordingly and have nothing to worry about – and if you haven’t then why are you reading this post – you clearly don’t listen to good advice:)
Don’t worry about timing the market for good buys. Just remember:
TIME IN THE MARKET >>> TIMING THE MARKET
Keep finding solid companies, with proven track records and don’t worry about the rest of the noise. Of course you would be better off buying a solid company at its low point – but SPOILER ALERT you don’t know when that will be – and neither does anyone else.
If you routinely look at your portfolio and get excited or upset about hourly, daily or weekly fluctuations, you are doing it wrong. Find companies you believe in, and will let you sleep well at night. If you are making decisions based on daily stock price fluctuations you are not an investor, you are a gambler.
Sorry for my little rant – but my news feeds are seriously filled with panic, and people asking insane questions about what they should do. My answer:
Sit tight and don’t do anything you will regret it. You have a plan (obviously since you are reading personal finance blogs) so stick with it and you will be fine. Now ignore the noise and enjoy the rest of your day!
I finally took the leap and decided to start experimenting with egg whites in some of my cocktails. I also had a bag of lemons I needed to use – so naturally my first thought was – what kind of cocktails can I make.
The obvious choice was a Whiskey Sour. I’ve noticed in my city – it’s tough to find places that make a solid Whiskey Sour. Some places are great – others not so much – but when done right- they are a delicious treat – with my favorite spirit – BOURBON.
Since this was my first attempt at using egg whites in a drink, I wanted to make sure I got it right – so I followed the recipe from the Death & Co Cocktail book. ( An Amazing book for anyone who enjoys cocktails & spirits).
The recipe calls for:
2 oz Buffalo Trace Bourbon
.75 oz Lemon Juice
.75 oz Simple Syrup
1 Egg White
The ingredients are all added to a cocktail shaker & dry shaken. Then ice is added, and shaken again.
The first one I made I strained into a rocks glass over ice(pictured above), the second one I made I double strained into a coupe. (picture below).
Now that I am confident I can make a Whiskey Sour as good as most restaurants I’ve tried – I will refrain from ordering these while I am out. My big concern now is that my budget for eggs & lemons may be going up substantially this year!
You may have noticed a new heading on this site this week titled “My Bar”.
I’ve decided to add a new section to the site chronicling my journey into learning more about spirits, liqueurs and cocktails. As with the rest of the site- this section is basically for me to use as a reference, and a diary – however if anyone else is able to enjoy it all the better 🙂
I plan to use this new space to include recipes, reviews of different spirits, and to show some of the recent concoctions I’ve tried to create. I’ve already thrown up a few of my my favorites and will be adding more as I create them at home.
Today’s newest addition: Manhattan
I decided to use Knob Creek 100% rye for this variation, as I haven’t had it in a while and wanted to see how it would blend in a Manhattan. I also used Cinzano instead of the normal go to Martini branded Vermouth as I already had an open bottle. Truth be told I recently bought a bottle of Dillons Sweet Vermouth which I have been really wanting to try – but decided against opening it until my current bottle of Cinzano was empty.
2 oz Rye Whiskey (I used Knob Creek 100% rye small batch pictured above)
.75 oz Sweet Vermouth (I used Cinzano)
2 Dashes Angostura Bitters
Garnish with 2 Cherries
Add all ingredients to mixing glass filled with Ice, stir for 10-15 seconds. Strain into martini/cocktail glass & garnish with a cherry or two.
Overall it was pretty tasty – and very boozy. You will feel a buzz after a sip or two. I’m not a huge fan of Cinzano- so I’d like to try this again once I replace my vermouth with Dillons or Martini again.
You can follow my cocktail journey with this recipe and moreHERE