Anyone familiar with the "rule of 100" for seniors investing/financial planning ? (inherit, housing)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Well I'm 62 and most of my portfolio is in aggressive stocks, up about 17% this year. I know that could turn around on me, but so far it's doing great.
If you can pick both the top and bottom, you get in and out, you're doing better than I am. Otherwise, you'll ride it up, and ride it down.
Well I'm 62 and most of my portfolio is in aggressive stocks, up about 17% this year. I know that could turn around on me, but so far it's doing great.
How much did you lose last year. Up 17%, down 11% last year is nothing to brag about.
The only time I ever paid someone to do my taxes was because the divorce decree required it, (paranoid psycho ex) and it was done wrong. I had to refile and amend my part. I’ve used many different programs, TaxAct the last few years.
There is nothing special about returns in a calendar year. A fiscal year can be what you make it. For calendar year 2018 I was down 5%, but virtually all of it occurred in December. It was a good year to buy at times, which is what I did, and is mainly why I am up 15% for 2019 so far.
Plenty of people retire entirely on investments, in fact, that is exactly what the wealthiest do. To say one is crazy to retire without an income stream is fairly ignorant.
My point is it seems like you fear equities, but real estate can be no picnic either at times.
So you have no expertise in the markets but you are telling people to market time ...
Who said anything about fearing equities? I'm in stocks, bonds, index funds, mutual funds and real estate.
Reading comprehension isn't your strong suit, is it? I said there's no way to time the market. If you're all in stocks, when the market goes up your portfolio goes up. Guess what happens when the market goes down?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
