If you day trade like myself, then yes. The market today is extremely choppy and volatile. I've made 22 transactions today with take profit orders set at 30% profit after a bunch of buy orders hit early this morning during the pre open and early huge drop in the market and I'm sitting nice and pretty with a huge profit today
You realize of course that the VAST majority of people's money is tied up in a retirement plan that they cannot trade due to retirement plan rules? Heck if it's sinking like a rock and you want to move money you have to watch it keep sinking until market close.
O I absolutely agree. Just saying that for people that do mess around with day trading these are great times and huge opportunities exist to make some serious big profits right now
Same. I keep trying to learn from my parents (mostly their mistakes, unfortunately). First from '08, which I was pretty young to fully understand, and they were still more than a decade out from retirement, now this. All I've learned so far are the importance of the following when retiring:
Good to hear someone soaking up experienced advice!
Same here, though I'll never have the balls to go [almost] all-in on one stock like my Dad did in the 90's on amazon.
Excellent clarifying points to consider for sure. In my point above there was no investing going on as there was no "excess" funds from the refi(s). I *think* they went to things like: new roof, concrete and other "expensive" home improvements. I was too young for my mom to discuss this stuff back then, but even so I think I could have talked her through it and avoided her current predicament. Thankfully, my mom did at least get better interest rates each time. But it's pretty discouraging to be in year 25 of the home and still owe more than the purchase price of the home in 2000.
I'll disagree a bit with you on 1. I can see taxes on our home being more than our original mortgage payment of $1300 was by my retirement fairly easily now after seeing property tax hike past couple years. However, that's still $1300 not coming out and allows one to *hopefully* pay those taxes at less of a burden to them. That's why I said "mortgage free" and not "paid off" as I've come to realize this exact difference you point to, but the person without a mortgage is still paying significantly less each month than the person with one is.
Fair enough.
IMO, and I'm definitely not an expert. With these funds, you miss out on all the growth, but are still subject to the losses. If you don't feel comfortable enough to select your own funds, then you should really hire a financial planner to pick for you. The one-size-fits-all approach with the planned retirement funds doesn't seem wise. I pulled stats a # of years ago, and it depends on who they were with, they performed really poorly compared to about everything else you could pick.
About number 4.
Where are your Fibonacci lines?
It’s not that simple, but probably just like the last two Dem admin, there are a lot of people rooting against them. For me, we have to reach a point where people stop falling for the con. Otherwise we make no real progress. There will be plenty of cons to follow this clown.
You sold it all off? It's not a loss until you sell and take the defeat.
True, I think that's why he said paper losses though.
Point is, it simply doesn't matter. Long term investing you can't focus too much on the market ups and downs. Keep putting into it as the same rate and what you can afford and simply just reevaluate your risk level as you get older. That's it. It doesn't matter if you lost a million in this fall if by 2030 you regain it all on top of the continued purchasing your making now when things are "on sale".
Which was his entire point...
I'm guessing most folks on the board are older than you.
