Personal Finance and Investing

customerserviceguy

(25,185 posts)

3. I probably would have lost

Reply to PoindexterOglethorpe (Reply #2)

Thu Jul 18, 2019, 11:01 PM

Jul 2019

the whole damned thing. I am the most risk-averse person you could ever run into. It would drive me nuts to have sacrificed to put $1,000 in my 401K per month, and have it drop $2,000 in any month.

The way to have money is to not depend on profiting off of someone else's mistake, it is to cut back your spending so that you can save as much as possible in a safe place. That's how I retired early.

No, I'm not going to jet off to Europe every few months, but there are a lot of places in the US I can go cheaply in my hybrid car.

Have fun in the casino while it lasts.

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How Different Generations Think About Investing [View all] NeoGreen Jul 2019 OP

The millenials customerserviceguy Jul 2019 #1

And of course you've lost out completely PoindexterOglethorpe Jul 2019 #2

I probably would have lost customerserviceguy Jul 2019 #3

"but never makes new lows. At least not since 1933." progree Jul 2019 #4

Ahhh, thank you. I had only ever looked at the Dow since the 1920s or so. PoindexterOglethorpe Jul 2019 #6

S&P 500 has made 218 all-time highs since 2013 progree Jul 2019 #5

Thank you for that. PoindexterOglethorpe Jul 2019 #7

Sounds like anybody getting in now customerserviceguy Jul 2019 #9

Nobody thinks it's a "sure thing" who knows anything about it. progree Jul 2019 #10

Anybody who had a hundred dollars customerserviceguy Jul 2019 #11

I survived the 1987 crash, the dotcomm and the housing bubble crash, and after each crash, the stock progree Jul 2019 #12

Well, the dot-bomb customerserviceguy Jul 2019 #13

Had you kept the money invested, you would be doing quite well progree Jul 2019 #14

Like I also think I said customerserviceguy Jul 2019 #15

If you don't need to draw upon your savings/investments in retirement, then fine. progree Jul 2019 #16

My plan is to withdraw customerserviceguy Jul 2019 #17

Do you have to take required minimum distributions (RMD's) on your IRA progree Jul 2019 #18

Not yet, will be 64 later this year customerserviceguy Jul 2019 #19

The Roth IRA makes sense in any tax bracket progree Jul 2019 #20

+1 CountAllVotes Jul 2019 #8