Washington Style Finances

So let's say last August you worked in Washington DC or New York City in finance or politics and knew something bad was about to hit the fan. While the common Schmo like me was busy working his 9 to 5, you were pulling every dime out of the market and moved it to bonds or cash.
Now instead of playing catch up like the rest of us trying to make back what we lost in our retirement packages, you put your millions back into the market as it hit bottom this March, the result would be a huge windfall as you rode the present elevator back to the top.

I'm not a big conspiracy theory guy, but looking back; the math bears out that if saavy investors timed the market perfectly, they made a killing and they benefited from the financial disaster we experienced.

Paraphrasing Chief of Staff Rahm Emmanual... Never allow a good crisis slip through your fingers.

Last September, I was in Washington DC in my local Senators office waiting for a tour of the Capital building. I thought it was strange that while I waited, one of Senator Smith's staffers was busy trading stocks while on company time. Don't tell me there is not more than a little local knowledge being passed through the halls of Congress. Stupid me; I thought the staffer was buying stock, now I know he was selling everything he had. All during the time that John McCain was saying the fundamentals of our economy were strong.

Hindsight is definitely 20/20 and never again will I allow someone to manage my finances and believe they are the experts and I am not.