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/cgi-bin/YaBB.pl General Category >> The Cafe >> Stock market...... /cgi-bin/YaBB.pl?num=1522101703 Message started by raydawg on 03/26/18 at 15:01:42 |
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Title: Stock market...... Post by raydawg on 03/26/18 at 15:01:42 Dang, it’s like watching a horse race..... I think my heart will give out before my stakes ;D Anybody else playing this game? I should just not look, Yeah, tell me, who doesn’t look after being stuck for 20 minuets in traffic, at the cause when you pass the smashed cars on the highway ;) |
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Title: Re: Stock market...... Post by ohiomoto on 03/26/18 at 15:31:12 I never look. When my guy tells me how we are doing, I'm pleasantly surprised. When I don't hear anything, I figure i'll be disappointed and I don't ask. ;) |
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Title: Re: Stock market...... Post by raydawg on 03/26/18 at 16:40:58 4B4C4D4B494B504B240 wrote:
Ok, but do you look at the car crash? ;) |
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Title: Re: Stock market...... Post by springman on 03/27/18 at 10:01:36 I can't help but look. Though I really shouldn't. I'm sure it elevates my blood pressure. Can you say V O L A T I L I T Y !!!! :o |
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Title: Re: Stock market...... Post by raydawg on 03/27/18 at 10:35:03 5655574C4B4248444B250 wrote:
Yeah crazy..... I just boil it all down once the heat is turned off. If it swings a few points, up, or down, after all that action, it’s right we’re it was suppose to be all along. Sorta like Dorothy.... She didn’t need to go to Oz afterall ;D |
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Title: Re: Stock market...... Post by HAPPYDAN on 03/27/18 at 16:57:03 I got in to buy and hold around 1980, and its had its ups and downs. Overall, it has been real good. This is just a knee jerk reaction to some political BS. Buy quality and you'll never lose. |
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Title: Re: Stock market...... Post by raydawg on 03/27/18 at 17:36:19 Yeah, you hold for any time and more often than not, you will beat any savings account. I’m 65, been holding my max, 30% pretax since 59 1/2 out of my paycheck and going into my investments, so I save on present tax deferral. Just trying to figure if I want to draw on it, or not, when I retire. Most likely I will keep working part time after I retire from my present employment at Boeing. My old position on the island, in construction is wanting me to come back and at my pace, maybe 3 days a week. I could just extend my social security out more, build that up, and then in 3 years, when my wife hits 65, I will quit in total with her and travel. I will need to do more research, as this opportunity just came to me today over lunch. I’m liking it tho.... ;D 1980, eh, you got a few dips in that run, but great growth if you didn’t touch anything :) |
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Title: Re: Stock market...... Post by Dave on 03/28/18 at 02:30:12 When I got my first job out of college, I bought an IRA for $1,000 in 1983. That IRA has never had any money added to it - it has just been growing for the last 35 years......and it is now over $20,000! Pretty cool to think my $1,000 investment can buy me a new car.......or a 4 week stay in a nursing home! :o |
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Title: Re: Stock market...... Post by Armen on 03/28/18 at 04:31:55 Prob a good time to invest in stocks that pay a serious dividend. The crazy growth period after the '16 election seems to have flattened. A lot of stocks doing 4-8% dividend. Not much growth, just a reliable dividend. Do a DRIP as long as you can, then use it for income when you retire. Use the '72 rule'. Take 72 and divide it by the dividend and that is how many years it'll take to double. So, a 7.2% return takes 10 years to double. And another 10 to double again. For a long time Americans had a negative savings rate. They spent more than they made. Nice to hear not everyone is like that. |
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Title: Re: Stock market...... Post by Papa Bear on 03/28/18 at 05:34:55 I followed the advice in the book "The wealthy barber". It worked well for me. I learned to live comfortably beneath my means ;) |
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Title: Re: Stock market...... Post by raydawg on 03/28/18 at 09:17:05 2B2A25242726212023120 wrote:
Always, not sure why folks spending more out, than what is coming in, makes sense to them. I'd like to see how that mindset provides sustainability....maybe not ;D |
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Title: Re: Stock market...... Post by Dave on 03/29/18 at 03:00:49 5B48504D485E4E290 wrote:
Always, not sure why folks spending more out, than what is coming in, makes sense to them.[/quote] The "more out than comes in" only works for the State of CA and the Federal Government..........but for some reason they don't see that it doesn't work well for them either. :-? |
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Title: Re: Stock market...... Post by raydawg on 03/29/18 at 07:20:43 Careful..... I might have to alert a mod to move this if folks don’t heed the consideration of no religion or politics at the dinner table ;D |
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Title: Re: Stock market...... Post by raydawg on 03/29/18 at 08:06:06 I have another question.... How much cash does anybody keep on hand? I have been told a years worth is plenty. You figure out how much you need to live on, so you needn’t pull any out of the game, leaving the money in to recoup any loses. Have any of you heard this before? I generally keep 3 months at hand, but like this reasoning of recovering any loss. Also, would you count social security and pension as cash? |
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Title: Re: Stock market...... Post by MShipley on 03/29/18 at 08:07:23 The ups and downs are part of the game. Perhaps Ray you are in something too risky. It is not for everyone. |
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Title: Re: Stock market...... Post by MMRanch on 03/29/18 at 08:53:21 Ray it seems your doing better than most folks ! [ch128512] I have to sell a cow for them Big ticket items. [ch128516] |
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Title: Re: Stock market...... Post by raydawg on 03/29/18 at 09:12:47 140A313029353C20590 wrote:
I use to bury my talents (Matthew 25:14-30). Its not mine buddy, I know that, I am just trying to be a good manager ;) |
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Title: Re: Stock market...... Post by raydawg on 03/29/18 at 09:15:30 001200121F0C030E054D0 wrote:
What you want for Bessie? ;D I am so sorry if I come off as such, that is not my intentions, heck no. I am ignorant and a stooge when it comes to this, I ask solely to learn. Is she a good milker? ;) |
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Title: Re: Stock market...... Post by Eegore on 03/30/18 at 07:25:23 "How much cash does anybody keep on hand? I have been told a years worth is plenty. You figure out how much you need to live on, so you needn’t pull any out of the game, leaving the money in to recoup any loses. Have any of you heard this before? I generally keep 3 months at hand, but like this reasoning of recovering any loss. Also, would you count social security and pension as cash? " Only if you have that cash in-hand. next months Social Security is not useable now, so no its not cash, or even capital. I keep enough cash to account for how much estimated time it would take me to get a new job. I recommend people save for a year at least if they can. The point is to not have to borrow money which costs even more in the long run. A cash cushion is the first step to avoiding any debt. The difference for me is I budget to zero instead of just subtracting and having surplus. |
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Title: Re: Stock market...... Post by raydawg on 03/30/18 at 08:37:35 But if you budget to zero, how do you factor in emergency cost expenditures? I agree, the moment you borrow money, even if its a penalty of your own money, you have disrupted your goal, and depending on amount of money needed, it can be devastating to your bottom line. Do you tier your money availability? Example: I have mine in a pretax account, hoping when, and if, I ever need it, my tax liability will be greatly reduced. My wife has her's in a after tax retirement account. Those taxes are paid, on the principals already, only profits can still be taxed, and you can manage that in each tax year, a good thing if you have a loss. How do you budget for the unseen? |
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Title: Re: Stock market...... Post by Eegore on 03/30/18 at 10:11:29 I stopped with Roth IRA since my gains outweigh at this time the tax bracket I am in. As I get closer to being able to use investments I will convert to Roth (pre-tax) but not for another 10 years. I only factor in the money I make, not my investments when I budget to zero. What I mean by that is I assign every dollar I make in a month an exact place in my budget. This replaces the X-amount left over to go to savings, going out etc. |
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Title: Re: Stock market...... Post by raydawg on 03/30/18 at 10:33:23 Ok, I get that, variables will always be just that, invariably ;D |
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