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Old 02-26-2015, 01:57 PM
 
8,080 posts, read 13,453,725 times
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Quote:
Originally Posted by Loudmouth View Post
He wants the million dollars to be there for his kids when he dies.
Is he worried about having retirement income or are you the one that is wooried about
what you inherit..
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Old 02-26-2015, 03:32 PM
 
63 posts, read 67,521 times
Reputation: 118
BOTH!

Everyone says that he should not be concerned about bear markets which could reduce his money by 50-70% because the stock market always comes back. Just because it came back this time does not mean it will come back after the next Bear Market in his lifetime.

Quote:
Originally Posted by kelly237 View Post
Is he worried about having retirement income or are you the one that is wooried about
what you inherit..
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Old 02-26-2015, 03:34 PM
 
Location: Mount Airy, Maryland
10,457 posts, read 5,917,794 times
Reputation: 16131
Quote:
Originally Posted by Loudmouth View Post
BOTH!

Everyone says that he should not be concerned about bear markets which could reduce his money by 50-70% because the stock market always comes back. Just because it came back this time does not mean it will come back after the next Bear Market in his lifetime.

1. Yes it will The stock market always comes back
2. That bear market was the worst drop since the crash of '27. It won't happen again in your lifetime let alone his. It was more like 50%, not 70% for what it's worth.
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Old 02-26-2015, 03:58 PM
 
491 posts, read 597,769 times
Reputation: 2095
Aren't you the same person with the thread titled "depressed looking long term unemployed 55+years old make me so sad" under work and employment? Maybe he is worried that if he losses this job something else won't come along?

Can't imagine that "everyone" says that he should not be concerned about bear markets either, it sounds sooooo high schoolish, like everyone is doing it..
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Old 02-26-2015, 04:21 PM
 
8,179 posts, read 11,900,573 times
Reputation: 17907
Quote:
Originally Posted by Loudmouth View Post
BOTH!

Everyone says that he should not be concerned about bear markets which could reduce his money by 50-70% because the stock market always comes back. Just because it came back this time does not mean it will come back after the next Bear Market in his lifetime.
No one has suggested that he invest all of his money in the stock market. Even of his (and yours) worst fears are realized and the market drops 50%, only the money he has in the market would be at risk. If he only has 1/3 of his money in stocks as some have suggested, his loss would be in the 16-17% range. Even if he had as much as 1/2 his money invested, he still would only be down 25%. How are you possibly coming up with a scenario whereby he would lose 50-70% of his money?
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Old 02-26-2015, 04:49 PM
 
71,462 posts, read 71,629,249 times
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another case of letting the facts get in the way of a good story
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Old 02-26-2015, 06:27 PM
 
Location: Wisconsin
21,534 posts, read 43,962,244 times
Reputation: 15133
Quote:
Originally Posted by Loudmouth View Post
Everyone says that he should not be concerned about bear markets which could reduce his money by 50-70% because the stock market always comes back. Just because it came back this time does not mean it will come back after the next Bear Market in his lifetime.
So, the past 100 years doesn't count. Glass half full POV is a sure way not to succeed in life.

Quote:
Originally Posted by Aqua Blue View Post
Aren't you the same person with the thread titled "depressed looking long term unemployed 55+years old make me so sad" under work and employment? Maybe he is worried that if he losses this job something else won't come along?
OP's father doesn't have to worry about a job. He's retired, collecting SS, and has a million dollars. OP is in his 30's, per some of his other posts.

Quote:
Originally Posted by Aqua Blue View Post
Can't imagine that "everyone" says that he should not be concerned about bear markets either, it sounds sooooo high schoolish, like everyone is doing it..
Hi schoolish??? Every informed investor IS doing it.

Did you read the part which says "have adequate cash reserves?" This may be why OP's father is worrying. Although I strongly suspect this man (if he exists) also has substantial cash reserves in addition to the million in bonds/stocks - and that OP - a new poster running around the board beginning all manner of new threads (10 so far) w/questions on various forums - is posting a rhetorical situation not based in his reality at all.

Just sayin.'
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Old 02-26-2015, 07:20 PM
 
Location: Tennessee
23,541 posts, read 17,525,434 times
Reputation: 27573
Quote:
Originally Posted by DaveinMtAiry View Post
1. Yes it will The stock market always comes back
2. That bear market was the worst drop since the crash of '27. It won't happen again in your lifetime let alone his. It was more like 50%, not 70% for what it's worth.
An "it can't happen" mentality causes disaster. Is it like to happen? Maybe not, but never discount the possibility.
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Old 02-27-2015, 07:59 PM
 
Location: Columbia SC
8,947 posts, read 7,721,438 times
Reputation: 12144
Quote:
Originally Posted by Loudmouth View Post
He wants the million dollars to be there for his kids when he dies. Though the option below seems logical because with social security and $50K a year he could live stress free for the rest of this life. But after age 90 he would have nothing and the kids nothing. He talks about living partially on dividends from his million invested from stocks that have a twenty year record of increasing dividends.
He has to get over that worrying about his kids and enjoy himself. Help him out.
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Old 02-27-2015, 08:32 PM
 
Location: Florida -
8,760 posts, read 10,829,371 times
Reputation: 16632
Not everyone has the temperament to play the stock market -- particularly if one's nature is to stress and worry over day-to-day or even week-to-week ups and downs. I simply do not intend to spend my retirement fretting about money!

I've structured our finances to assure a comfortable income stream ...and let my account managers take care of the rest. As long as the bottom line shows 8-10% annual growth, I don't worry about the details. - To me, quality of life is more important than squeezing every possible nickle out of our retirement investments
.
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