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They all share one endearing feature... they can be wrong every year but will keep on making the same prediction until they are the broken clock, then will start a thread about gloating on that prediction.
Martiall Law down the road ,but possibly as soon as late 2016 if the market crashes to 6500 . The real
money suck ups will jump out windows the rest of the crazies will come for your stuff then hit you over the head six times maybe seven.
Why is it assumed people do 100% of one thing or 100% of another? Believe it or not there are people out there who use a mixture of methods: some money in a safe vehicle (like CDs as one example), other monies in equities, other moneys in bonds, who have prudently purchased a home, have an excellent cushion in place, pay off their bills every month, save. All those things are considered prudent and I bet the number of people who do more than just 1 thing is quite high. It's not all or nothing.
Yet the doomsdayers seem to want to incite panic or get some kind of amusement at it. They never explain why panicking is a good method to the madness, no one ever has shown that to be useful.
Agreed. I currently have 1/3 in cash equivalent, 1/3 high grade bonds and 1/3 in dividend paying blue chip stocks. No precious metals though
The Dow could fall to 500 by 2017 or rally to 500,000 in 2017 (success- Yay!!) depending on whose prediction is followed! Crystal ball sooth saying is all over the place, as always.
Not thrilled about the drop, but my AA is pretty much 45/55 stocks to bonds/cash. Concerned but not to the jumpy stomach, butterflies etc. point.
Back in July, we opened a SPIA to the tune of 75K, that was totally pulled out of stock based funds. This little SPIA has greatly contributed to my comfort zone and is looking more and more like a smart move.
Yep I don't want a crash, even though I could possibly capitalize on it. We have about 1.5 years of income set aside if you don't count our pensions. Including our pensions we are good for about 10 years of not having to touch retirement funds.
We try to play the game based on the rules/tools available at the time.
Yes. It's important to understand you are taking a risk by trying to avoid risk. Historically the first risk has been much greater over a lifetime than the second one.
It's why so many people willingly take a 25% cut in their SS payments in order to start collecting at 62 ... they're afraid they might die before FRA or die before they "recoup" all that "lost" SS money between 62 and 65 even though somebody who makes it to 65 has a very good chance of being around for another 20+ years.
Martiall Law down the road ,but possibly as soon as late 2016 if the market crashes to 6500 . The real
money suck ups will jump out windows the rest of the crazies will come for your stuff then hit you over the head six times maybe seven.
I see your rabbi-turned-investment-advisor is still spreading cow excrement.
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