Posted on 04/19/2021 10:09:36 AM PDT by SeekAndFind
For me, I'm covered for so long as I live in retirement according to the 4% rule. Should I kick off early, my wife and kids are covered. I'm okay with either outcome but of course I prefer the first option!
I tell my kids I intend to outlive my money so they better save for themselves just in case.
Meh, live your life your way, I’ll live mine my own way.
The economy, nor the world, isn’t coming to an end anytime soon, and I choose to regard those who believe otherwise as fools.
A drop 10,000 or 15,000 would be a triviality except to the kind of idiots that panic or only think in terms of months or a year or two.
The market is the only place where you have hordes of idiots running OUT of the store when there’s a sale on.
But there are always people looking for the ‘End Times’, be it theological or economic, I pity them but not enough to refrain from taking their money or laughing at them.
Well you never know when your life will end, unfortunately.
Meh, live your life your way, I’ll live mine my own way.
I don’t know when the whole thing is gonna come down, but I do know this: The rate of change for the whole thing in the last 20 years has been breathtakingly rapid. This pace is not sustainable. Something’s gotta give, and few know how that will happen. If one is engaged they have the chance of being excitingly right or terribly wrong. If they are not engaged, they will just be a part of the masses in one way or another.
But we are on the cusp of massive change. I’m talking Russian recvolution or WWII change. Some were made rich by the latter, so it can happen. :)
Well, people believe that, just like they believe in a Rapture; utterly idiotic in my opinion but it’s a free country.
The only Absolute I know is that my shares of my S&P index fund will be worth more in 30-40 years than they are now.
Too many people want drama, or resolution, or see things in linear rather than circular fashion, always looking for a ‘beginning’ or an ‘end’.
Believing in a ‘massive’ change is just like believing in the Second Coming, it’s a belief, if it makes your life better great, I believe in nothing that can’t be measured and quantified, and over the last more than a century the market has gone up.
I kind of want a moderate crash, 5-10K, just to put a hurt on the idiots who are greedy and only think in terms of months or years rather than decades. If it drops back to 20 or 25K I’ve got a few hundred grand ready to go in.
I know people who did that and it wasn't the best decision. Even when you are wanting to save every possible dollar for retirement, you still have to live for today. Because you never know how much time you've got.
Leaving a legacy for your children is nice but you should not have to sacrifice your standard of living to do so.
Wonder if it will put a crimp on some of the D.C. tribe insider trading oh never mind.
Cart to trade for some Pontiac stocks.
Back in the '70s I worked under Civil Service regs and was able to take 3-4 week vacations each year. Always took the wife and kids sight-seeing cross-country, including the Trans-Canada highway.
One year I told my boss what we did and he got a funny look. He said "You're doing stuff I plan to do when I retire." He was putting his time into his avocado ranch in Escondido, CA.
Finally sold out for $1/4 mil (big money in those days). Took off on a holiday and got as far as St. George, UT (just inside the southern border) and had a debilitating heart attack. So much for deferred time off.
I like the way things look long-term. Putting my money where my mouth is. Let the sheeple flee the market,, more for me.
Gunter gleiben glauchen globen
They are factors, but minor ones.
We’ll see in 10-30 year’s time ;-) cheers
The only Absolute I know is that my shares of my S&P index fund will be worth more in 30-40 years than they are now.
And the Detroit Lions still will not have won a Super Bowl.
At the end of the day it really doesn’t matter, in the way of “you can’t take it with you. And wouldn’t it be interesting if the bottom DID fall out of the world and that legacy he left allowed his kids and grandchildren to survive when they otherwise would not have.
That’s a long shot, but we don’t know the future, and sometimes what appear to be boneheaded decisions turned out to be exactly the right decision for the time.
I’m not sure we have seen these valuations since the 1092x. It’s a little bit crazy. Money supply is sky high. Velocity is very low. The new part of the equation is FED interest rates.
My mind says lock in gains buy back in after the correction. My greed says let it roll. The no one loses stock marker where the shoe shiner can pick winners says a lot.
I told my daughter I am going to try and spend every single dime so that the only thing she’ll get when we’re gone is the paid off house. She said....have fun!
we still have a mortgage and thinking strongly of just pulling money out to pay it off....two good things...mortgage gone and using some of this bull market before it goes down...(monthly mortgage payment is pretty low, but still)
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