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Personal Finance and Investing

PoindexterOglethorpe

(26,727 posts)

7. Thank you for that.

Reply to progree (Reply #5)

Sat Jul 20, 2019, 02:21 AM

Jul 2019

I like to say (but I stole this from someone else here at DU and alas cannot recall who that fount of wisdom was) the market periodically makes new highs, but never makes new lows. That's something those who think selling everything and sitting out whatever financial catastrophe they think is happening, just don't get. Stay in the market. Really.

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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