Posted on 10/12/2016 6:49:29 PM PDT by Enlightened1
“I remember when the Dow broke a thousand for the first time...”
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I remember that, too.
I remember sitting in the car outside a small market across from the Airport Marina Hotel in the Westchester section of Los Angeles, near the airport (LAX).
My father had just come out of the market and was pointing at a newspaper box with a big smile on his face.
The newspaper said, DOW HITS 1,000!
It must have been 40 years ago.
Interestingly enough, the Airport Marina Hotel that I mentioned was where Col. Greg “Pappy” Boyington and the Japanese pilot who shot him down in WW II met for the first time since the war.
Some years later, I saw that Japanese man at a Blue Angels Air Show at Point Mugu Naval Air Station near Oxnard, California.
He was wearing golf clothes and sitting at a table where he was selling his book, “Bye Bye Black Sheep.”
At the time, I didn’t understand who he was, otherwise I would have struck up a conservation with him.
I just don't think SS will go away anytime soon. Both parties seem to like socialism at some level and this program even has the word "social" in it! Politicians are cowards and will just borrow more and more money to keep an 'entitlement' going. However I think they will keep raising eligibility ages and crap so you get less and less of your money back. So I don't think SS goes away but just becomes less and less of an income stream you can count on. But who knows?
They don’t call it the “Third Rail of Politics” for nothing.
“...invest regularly over the course of your working years and ignore the ups and downs.”
Good advice...but what about retirees? Savings accounts, money market accounts, and CD’s paying near 0%. What do you suggest for them?
Retirees can just coast on the massive wealth that they have had the unique opportunity to accumulate during the unprecedented economic growth and full employment of the post-war years.
Regards,
There will be a dramatic decline in stock prices.
There will be a dramatic increase in stock prices.
Both of my predictions will be true.
i’ve just decided to up both the wife’s and my 401ks.
SS isn’t a given down the line. thanks
Ooh, you're going to piss off some people! But I agree with you, many had a chance and blew it. I know quite a few who sat idly by, blew their money on useless crap, and hocked themselves deep into a hole. Now they're old and it's too late to do much to build wealth. Sad.
The guy I deal with to manage my IRAs just took a boatload of his money out of the market.....
There will be another major world war.
You are going to die.
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