Hoping I Made The Right Move

Discussion in 'Money & Finances' started by Sheldon Scott, Mar 25, 2017.

  1. Hedi Mitchell

    Hedi Mitchell Supreme Member
    Registered

    Joined:
    Mar 18, 2017
    Messages:
    9,384
    Likes Received:
    16,479
    Well, it is hurting us poorer people-especially since the hubby is trying to retire next month. We do not have much so any loss is not good, but will ride it out .
     
    #31
  2. Hal Pollner

    Hal Pollner Veteran Member
    Registered

    Joined:
    Feb 11, 2018
    Messages:
    6,161
    Likes Received:
    4,371
    You'll ride it out if you can ride it out!

    Hal
     
    #32
  3. Beatrice Taylor

    Beatrice Taylor Veteran Member
    Registered

    Joined:
    Jul 1, 2018
    Messages:
    879
    Likes Received:
    2,095
    The volatility in the markets creates an odd circumstance for me as a mutual fund investor. When the markets plunge and things look bleak I end up with more cash and more taxes to pay because the fund managers are busy selling stocks to preserve past gains.
    Try to take the long view.

    If you had a sound investment strategy before the market went down then you still have a sound investment strategy today.

    What happens to the stock market in one month or one year won't define what happens over the span of a twenty-year retirement.

    Good luck!
     
    #33
    Sheldon Scott likes this.
  4. Hedi Mitchell

    Hedi Mitchell Supreme Member
    Registered

    Joined:
    Mar 18, 2017
    Messages:
    9,384
    Likes Received:
    16,479
    True...but I dont have twenty years...trust me ;)
     
    #34
    Lulu Moppet and Beatrice Taylor like this.
  5. Thomas Stearn

    Thomas Stearn Veteran Member
    Registered

    Joined:
    Apr 21, 2018
    Messages:
    2,690
    Likes Received:
    2,533
    Isn't it a bit of a risky strategy if you still have to rely on the stockmarket as a retiree? I had heavily invested in stocks while I was working but then sold almost everything when retirement age came nearer because I didn't want to jeopardize my sleep at night.
     
    #35
    Lulu Moppet and Beatrice Taylor like this.
  6. Beatrice Taylor

    Beatrice Taylor Veteran Member
    Registered

    Joined:
    Jul 1, 2018
    Messages:
    879
    Likes Received:
    2,095
    @Thomas Stearn, I did a little of both.

    Jesse Livermore Quote:

    “I can’t sleep” answered the nervous one.
    “Why not?” asked the friend.
    “I am carrying so much cotton that I can’t sleep thinking about. It is wearing me out. What can I do?”
    “Sell down to the sleeping point”, answered the friend.
     
    #36
    Thomas Stearn likes this.
  7. Hal Pollner

    Hal Pollner Veteran Member
    Registered

    Joined:
    Feb 11, 2018
    Messages:
    6,161
    Likes Received:
    4,371
    No kidding?

    H.P.
     
    #37
  8. Frank Sanoica

    Frank Sanoica Supreme Member
    Registered

    Joined:
    Feb 21, 2016
    Messages:
    9,297
    Likes Received:
    10,629
    An investment-savvy sage once commented: "In a rising market, perhaps the best method of choosing the issue to buy is to throws a dart at the Industrials hung on the wall".

    It's all a guessing game, especially for the little guy.
    Frank
     
    #38
  9. Bob Kirk

    Bob Kirk Veteran Member
    Registered

    Joined:
    Jan 18, 2019
    Messages:
    389
    Likes Received:
    690
    Unless you have cash stashed under your mattress. Stocks, bonds and all forms of using your money to gain more money is all on paper. Or losing as the case may be. Gain or loss is determined at the time you decide to convert what is on paper to cash.

    The only advice worth believing is to do what lets you sleep well.
     
    #39
  10. Frank Sanoica

    Frank Sanoica Supreme Member
    Registered

    Joined:
    Feb 21, 2016
    Messages:
    9,297
    Likes Received:
    10,629
    @Sheldon Scott

    Do you believe in Dollar Cost Averaging?

    Frank
     
    #40
  11. Hal Pollner

    Hal Pollner Veteran Member
    Registered

    Joined:
    Feb 11, 2018
    Messages:
    6,161
    Likes Received:
    4,371
    Hey...

    Yesterday we had some rain,
    But all in all, I can't complain...
    Was it dusty on the Train?
    P.S...I love you.

    Hal
     
    #41
    Last edited: Apr 14, 2019
  12. Holly Saunders

    Holly Saunders Supreme Member
    Registered

    Joined:
    Nov 16, 2015
    Messages:
    51,949
    Likes Received:
    17,921
    Huh?... o_O
     
    #42
    Von Jones likes this.
  13. Hal Pollner

    Hal Pollner Veteran Member
    Registered

    Joined:
    Feb 11, 2018
    Messages:
    6,161
    Likes Received:
    4,371
    Dear Senior Investors:

    Last week I bought a 9-month CD for $40,654.48.

    The interest rate is lousy, but it's a secure short-term investment.

    When it matures in Jan. 2020, I'll re-invest it for $50,000.

    One must do Something...

    Harry
     
    #43
  14. Hal Pollner

    Hal Pollner Veteran Member
    Registered

    Joined:
    Feb 11, 2018
    Messages:
    6,161
    Likes Received:
    4,371
    That was just an error of incompletion, Holly.

    Howl
     
    #44
    Holly Saunders likes this.
  15. Shirley Martin

    Shirley Martin Supreme Member
    Registered

    Joined:
    Jun 9, 2015
    Messages:
    56,454
    Likes Received:
    24,097
    Country song...………. "PS, I love you".

     
    #45
    Frank Sanoica likes this.

Share This Page