You sure don't know how to read between the lines of what I say but hey, scout, knock em dead. You sound smarter than me.
But I've made my million and working on the next.
Piece out and good luck
But I've made my million and working on the next.
Piece out and good luck
I don't think I've seen anyone say they were gambling?
For someone in their senior years, dumping their lifetime savings into todays stock market..................if that's not gambling I don't know what is........... Yes,,,,,,,you can point to the long term trend and history.............However, for a senior,,,,,,,,,,,,,,long term trends mean little. It's the short term dips that scares you to death.
You can go the annuity route.
I know lots of seniors who are invested and compound interest is the one main reason they have any money?
Not really trying to be a punk, but what does your question even mean? Are you just working on your post count?
The rule of thumb I've heard in the past is to invest in the market with dollars you don't need for a few years. The number of years I've heard was 5-10 years. The reason for this is due to the cycles the economy goes through. Currently we are in the middle of a growth cycle due to Trump's stimulus of tax rate cuts and him being very pro-business. This should continue while he's in office. If a democrat gets in office next, you can kiss some of the gains good-bye. The first thing a dem will do is raise taxes, which will kill any economic growth. They do this to make people more dependent of the .gov and to keep their jobs to rule the rest of us.
I think these days, it's pretty hard to tell what the stock market (or bond market, or any market for that matter) is going to do. Sure, we have historical returns and averages, but the way money is invested today...well it's much, MUCH different than it was even as recent as 5 years ago. Companies are worth far more on paper than they are in tangible goods, yet the price keeps going up. There are far more investors, far more ways to be an investor, and hell...now you can trade stocks willy nilly all day long with no commission trading from almost all the large brokerage houses.
My point is that although there are lots of "pros" out there telling us what the market(s) are going to do, the real truth is no one knows what will happen. There are simply way too many variables and players to really tell us what the future holds.
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