Been playing the market for a long time now! At my age (Almost 80) the majority of my portfolio is widow and orphan stocks and medical REITs. Hey you do what you got to do!
A Market Trifecta ( Non Political )
- Thread starter Narragansett
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I’ll never be not invested.
My father started us kids out with Std of NJ, Elec and one other stock
when we were only teen agers.
It always went up and I was sorry when I cashed them in.
Today I only have two "Bullish" stocks and the rest are a "break even or do better " package that I don't have to worry about.
One pays me $$ every quarter, per the way my advisors, set it up.
Good Advisors are where it is at.
when we were only teen agers.
It always went up and I was sorry when I cashed them in.
Today I only have two "Bullish" stocks and the rest are a "break even or do better " package that I don't have to worry about.
One pays me $$ every quarter, per the way my advisors, set it up.
Good Advisors are where it is at.
LoboGunLeather
US Veteran
Nearly 40 years ago my main investment guy provided convincing arguments in favor of growth stock mutual funds consisting primarily of reliable dividend-paying shares, and reinvesting the dividends to purchase additional shares. Even better when this can be done in a tax-sheltered account (IRA, Keough, Roth, 401, etc) which was how most of my accounts were constructed.
Since then we have been through highs and lows, peaks and valleys, experts predicting the end of the world during several scary market cycles. We have watched other folks react to their fears and sell out, hoping to salvage something from their life savings. We just continued plugging along and continued investing regularly.
It works. Those accounts are now earning more than the two of us ever made while working for a living.
In my opinion, right about now would be a very good time to start buying shares in highly-rated growth stock mutual funds and continue doing so through the trough and into the recovery slope.
Please note that I am not a financial genius, nor am I a qualified investment advisor, just an old retired blue-collar working stiff sharing what has worked very well for us over the years.
Since then we have been through highs and lows, peaks and valleys, experts predicting the end of the world during several scary market cycles. We have watched other folks react to their fears and sell out, hoping to salvage something from their life savings. We just continued plugging along and continued investing regularly.
It works. Those accounts are now earning more than the two of us ever made while working for a living.
In my opinion, right about now would be a very good time to start buying shares in highly-rated growth stock mutual funds and continue doing so through the trough and into the recovery slope.
Please note that I am not a financial genius, nor am I a qualified investment advisor, just an old retired blue-collar working stiff sharing what has worked very well for us over the years.
Remember 2008. Hang in there it always comes around. If it drops much more I'll be looking at some to buy.
I have an IRA with a great company and a balanced portfolio of stocks, bonds and cash. Last year when I had to take my first Required Minimum Distribution (RMD), I started cashing out portions of stock funds gradually moving to a more conservative approach. Now about a fourth of my fund is short term or cash. Right now my stock funds are getting decimated, but I've seen this before and I'm not about to sell those funds to generate cash I don't need. I'll wait it out, but at 73 years old, the next time the stocks recover, I'll be selling some as I gradually move to all cash.
I think one would call that "inside information".Ματθιας;142205144 said:
GypsmJim
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I'm sure you know more about it than I do, but I thought that if a company offered a pension they had to keep sufficient funds in the account to cover all its retirees.
Just before my Grandpa retired in the 1950's his company was sold out and the new owners did not carry over the pension plan. He lost out on 30 years of hard work. I thought that events like this lead to legislation geared toward preventing it.
Just before I retired my company stopped pensions for new hires. My 28 years of service kept me in the plan. After an LBO, bankruptcy and new owners the "new" company bought an insurance company annuity with the money in the pension fund. I still get the same check every month but from a different source. Don't tell me I'm in jeopardy if the market crashes!
GypsmJim
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Yeah a congressman from NY went to jail for that after he gained millions because he and his family sold the stock just before the company crashed.
Staying put and buying the dip.
I have money in a SEP account and IRAs but we have rent houses that are the main thing we are depending on for retirement in the future. I'm in construction so I know a little bit about rent houses and they have their headaches but I still trust them than more the stock market. I still remember 2008 when hardly no one expected the mortgage bundling fiasco that sent a lot of people into bankruptcy. The bad thing about thing about the market is when you retire, if the market takes a really big hit and stays down for several years while you're pulling money out to live on the balance can get really low and never build back to what it was.
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The market causes ulcers only when you worry about it.
No, it's not like they have to keep cash in a bank to pay all of their pension obligations. They invest the money in a variety of ways, including in the stock market. The minimum required present value of all of those investments is tied (by complicated algorithms that I'm not sure anyone completely understands -- I certainly don't) to the amount of their future obligations. The present value, however, does not have to be enough to completely cover 100% of their future obligations. The assumption is that the investments will make money over time that will -- when the time comes -- allow them to pay what they have to.
Okay, I won't tell you. But someone probably ought to. Actually, I guess I will tell you.
Like with pensions, the money to pay annuities is not just sitting in a bank; it is invested (including in the stock market). There are a variety of rules in place that make it pretty unlikely that a company will ever default on its annuity contracts.
Unlikely, but not impossible. It has happened in the past. If the economy goes deeply enough into the toilet, and the stock market crashes badly enough (neither of which is likely in the immediate future) then it it inevitable that some companies will default on annuity payments. Here's hoping that YOURS is managed conservatively enough that it wouldn't be one of those.
Ματθιας;142205144 said:
Through appropriations
GypsmJim
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I know people that have "rent houses". Good or bad, some of his units are in poorer neighborhoods. Back in the plandemic, some of his tenants that were on welfare had no issues paying the rent. But others that were responsible people in the workforce lost their jobs. Of course the govmnt gave them the ability to defray their rent payments. Good for them, but the rent house owners still had taxes and utilities and upkeep to take care of.
I hope your buildimngs are inhabited by good people.
I have watched the markets go up and down for decades. I retired 2.5 years ago and between SS, my pension and plenty of cash in the bank I am making more than when I worked. Not planning on touching my 401K until I have to start making RMD's in about 10 years. I fully expect that when all the backdoor tariff negotiations are done things will settle down again. Just tired already of the media with all of their 'The sky is falling!' rhetoric.
We have 3 sources of retirement income. Both of us have social security and that alone is enough for us to live fairly well, with no debt. At 50 I stopped working on cars for a living and started building houses. Now we have sold the two houses I built and the bank is paying us to use our money and it's insured.
That is almost $30k in interest income this year.
No significant long term debt in 33 years. We save 3/4 ths of our income. All household expenses that we share are $1025 a month and we made close to $100k last year and paid 7.5% federal income taxes.
Wife's retirement is about 40% of our combined income.
Every time I try the stock market it's a catastrophe.
That is almost $30k in interest income this year.
No significant long term debt in 33 years. We save 3/4 ths of our income. All household expenses that we share are $1025 a month and we made close to $100k last year and paid 7.5% federal income taxes.
Wife's retirement is about 40% of our combined income.
Every time I try the stock market it's a catastrophe.
Currently pensions in US corporations are required to be insured in a pension benefit corporation. My former employer in a bankruptcy situation went below 70% insured and had to inform each person covered, vested and each person contributing. That notification comes if you dip below 80% insurance coverage. I was told that most companies try to keep an 85% coverage. [I was a union rep].
In the US, if bankruptcy occurs, the order of payments are: pensions, current benefits for employees, and lastly shareholders.
