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Old 07-01-2019, 12:40 PM
 
Location: Rust'n in Tustin
2,194 posts, read 2,381,850 times
Reputation: 3873

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Quote:
Originally Posted by luzianne View Post
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.
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Old 07-01-2019, 12:56 PM
 
71,517 posts, read 71,694,121 times
Reputation: 49088
Quote:
Originally Posted by ysr_racer View Post
And the stock market can go down. What's your point?
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 ...

Quote:
Originally Posted by ysr_racer View Post
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.
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Old 07-01-2019, 01:17 PM
 
Location: SoCal
13,221 posts, read 6,320,879 times
Reputation: 9827
Quote:
Originally Posted by ysr_racer View Post
I also don't do my own taxes, paint my own house, defend myself in court, or treat myself medically.
I do my own taxes, so stop this generalization please.
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Old 07-01-2019, 01:18 PM
 
Location: SoCal
13,221 posts, read 6,320,879 times
Reputation: 9827
Quote:
Originally Posted by luzianne View Post
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.
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Old 07-01-2019, 01:56 PM
 
71,517 posts, read 71,694,121 times
Reputation: 49088
Quote:
Originally Posted by NewbieHere View Post
I do my own taxes, so stop this generalization please.
same , i have been doing my own taxes for 25 years now ....
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Old 07-01-2019, 01:59 PM
 
6,241 posts, read 4,725,740 times
Reputation: 12790
Turbotax makes it really easy to do taxes. The biggest issue is just getting all the numbers together and taking an hour or two to enter them.
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Old 07-01-2019, 02:04 PM
 
71,517 posts, read 71,694,121 times
Reputation: 49088
I use turbo ...very very easy
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Old 07-01-2019, 02:24 PM
 
Location: SoCal
13,221 posts, read 6,320,879 times
Reputation: 9827
I did mine for more than 40 years now, even before TurboTax, everything with an HP calculator. TurboTax makes it easy, one big calculator.
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Old 07-01-2019, 04:25 PM
 
Location: RVA
2,164 posts, read 1,265,616 times
Reputation: 4451
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.
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Old 07-01-2019, 04:41 PM
 
Location: Rust'n in Tustin
2,194 posts, read 2,381,850 times
Reputation: 3873
Quote:
Originally Posted by mathjak107 View Post
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?
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