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Really? I am almost 70 as in real soon 70. Over all accounts we are still about 68% equities. Since you made a blanket statement about everyone please explain without knowing anything about me why that should apply to me? Also we have been retired over ten years. New money is going in at 65% equities. That is a hint!
WHY? I will never be “out of the market”. Yeah I move a considerable amount to SAFE investments but I still want the opportunity for part of my savings to grow.
Really? I am almost 70 as in real soon 70. Over all accounts we are still about 68% equities. Since you made a blanket statement about everyone please explain without knowing anything about me why that should apply to me? Also we have been retired over ten years. New money is going in at 65% equities. That is a hint!
I am not the only one
I would agree completely.
If my wife lives as long as many of her relatives, she has another 35 years to live. We cannot afford to go into FDIC insured deposits as the inflation will be eating 2-3% of out portfolio each year.
That is what happened to my aunt. She was living on the interest on her nest egg (life insurance proceeds) until 2008 when interest rates dropped. Then the principal ran out at age 91.
Nonsense. I have been 'in the market' for 45+ years and will be until, well, forever. Because I have been in the market, I could retire early and have a better retirement than otherwise. You always have to watch the market and where your money is, but there is a wide array of investment opportunities whatever one's age and whatever the market condition is.
Nonsense. I have been 'in the market' for 45+ years and will be until, well, forever. Because I have been in the market, I could retire early and have a better retirement than otherwise. You always have to watch the market and where your money is, but there is a wide array of investment opportunities whatever one's age and whatever the market condition is.
it is amazing how many hurt themselves by believing the myths and mis-information they hear from other mis-informed people .
to think you can draw a safe , consistent , inflation adjusted income in the range of 4% for 30 years is less than a coin toss as far as making it through without equities is about as risky as you can get ..
Last edited by mathjak107; 01-22-2018 at 09:43 AM..
Many of us will have 30+ years of life expectancy after retiring. The money a person needs in years 1-10 should be in low or no risk investments. The money a person needs in years 21-30 should be allowed to continue growth.
I know of someone who invested in Bitcoin and he recently was on FB ecstatic that the price kept going up. Now the price has dropped significantly. At the height of the boom he was advised to sell just 25% (if he could stand the tax impact) and realize some profit. Was this bad advice? He did not sell.
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