I'm 57.
I get my pension at 62. I can start withdrawing from my 401k at 59 1/2 We get SS at 67? |
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As of the close today, my 401K is up 35.5% this year, and I have literally not made a single trade in it ALL YEAR. I read all the time about folks saying "COVID killed my 401K" and shit like that, and I can't fathom WTF these folks are doing with their retirement savings! Your 401K is supposed to be your "nest egg", that will prevent you from needing to eat cat food when you stop working. Why the **** would you invest it in "risky funds"? For the record: the above are basically rhetorical questions. |
I have been retired over 2 years and have yet to get into my retirement fund. The stock market goes up and down. so just see what happens.:cert:
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I値l take uncle sams money and leave my money alone. |
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Mick, a while back, you mentioned in another thread something about your investing prowess. I'd be very interested to hear what it is that you are into to earn 35% ytd. For the record, I would have been up 51% ytd in the Vanguard fund that I'm in, if I would have left the money alone and was not spooked out. Timing the market lost me 25% , but at my age, I figure that I'm better safe than sorry. Price - YTD - Last Complete Mo. - Last 3 mo. -1yr. - 3yr. - 5yr. - 10yr. - Since inception Attachment 49548 |
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I have a small chunk of money in my taxable account, and my wife and I do our options trading in that account to generate cash. I have done write-ups of the two main strategies we use, namely selling covered calls and selling cash-covered puts. If people are interested, I can post them again. |
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I壇 be interested to see it. I知 sure as Hell not taking any investment advice from Jeff. :rofl: |
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Best to not take advice regarding your money from people on an intrawebz forum. Talk to a "guy". :rofl: 1.5 billion Earthlings will enter the middle class over the next 10 years spending money they should save and that will drive the Global Economy upward. Regardless, nobody is dumb enough to have everything in public equities and those dividends sure are nice so just leave it unless you're needing that money in 5 years :yesnod: |
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I have tried to understand options but it appears that I'm not wired for it, so if you could post the dummy version, that'd be great. :cert: |
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Everyone's situation is different depending on so many factors it's really stupid for people to discuss it online as nobody is talking Apples to Apples. |
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Just because I was cautious and like to sleep at night, not making the 6% that I would have otherwise made, was ok in my world. Well not really, it sucked, but I digress.:D I have called bottoms and tops many times and was really close, so it works in my world. I've made 30% in years and 5% in years. My 5 year average as of today is 13%. Works for me. Timing the market is not easy. Like I said, I would have been up 51% instead of 26% if I would have just let it alone this year, so far.. I'm not perfect, as no one is. I don't give investment advice to anyone, so take what I say with a grain of salt if you want. No skin off my teeth. Like DAB said... Bulls Make money Bears Make Money Pigs get slaughtered. Truer words have never been spoken. I like to sleep at night. I do better than any investment advisor would with my money. |
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As I said earlier, I'm 57 , retired from a job with a full pension and do not want to work anymore. Kinda like DAB. I'm sure that we all understand that nothing is apples to apples, so why is is stupid to discuss? Maybe we can learn something. If I wasn't so pig headed, I would have learned a long tome ago to set it, and forget it. But noooo... I like to think that I'm better than that. Well sometimes I am, and sometimes I'm not. No biggie. I enjoy it. Enjoyment sometimes costs money and If I can profit from enjoyment, all the better. |
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but what i do know is that it is very hard to spend money you don't have. if you want to work until you drop dead, go for it. if you want to have options down the road, there are ways to give yourself some flexibility later on. :DAB: |
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