solid!
How the hell are we supposed to retire?
- Thread starter Red Mosquito
- Start date
solid!
tonyride
Don't piss off the red guy
Yeah, last week hurt a lot but there is a bright side. The reason why it seems like it hurts is because we have a lot more than that to make it seem painful. You can't lose what you don't have so I take it as a message to remind me how blessed I really am to have that much to lose. Even with that loss I still gained a lot more than I think I deserve this year so far. Merry Christmas everyone.
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w_b
Well-Known Member
Yes, look at it like if you bought last Christmas and held. Pretty much anything equities. You golden.
Fire Lord Jim
Well-Known Member
"Pretty much anything equities" is the key. At retirement, you could live another 40 years. Looking back 40 years to 1985, what seemed a lot of money then is not today. We really still need equity exposure in retirement. We will need growth.
As to bonds, they seem to be a loser bet. To get yield above money market rates involves taking on a lot of risk, and the bonds either lose value when interest rates go up, or get called early when rates decline. So long as the investment is blue chip, I'd rather have the stock than the bond.
I'm not a fan of investing for fixed income. Once I reach age 70 I will get social security benefits. At age 73 I will layer on RMDs. I view these as generating cash flow substitutes for fixed income.
The challenge I see is covering living expenses after retirement and before age 70. I have been managing this with capital gains. Not selling my biggest winners, but the barely winning stocks frees up spending cash with very little tax.
Thoughts on the 4% rule and fixed annuities?
Still holding TSLA? I couldn't do it. Took my $$$ elsewhere. Though I probably still have a bunch in various funds.
qclabrat
Well-Known Member
Did you donate your gains so you can sleep better?
Nah. I'll sleep better knowing I made a bunch of money. If I sold it at loss, I might lose sleep over it. I figure this is truly the least I can do.
Mahnken
Well-Known Member
Full port TSLA and DJT! Merica!
Well today was painful. @Dave Taylor How od you do on a day like today?
Dave Taylor
Rex kwan Do
I typically do fine. I didn't trade today because OPEX. I have 80% of my pension in a stable value fund earning 6%. I'm ok with that until be see where this economy goes.I don't believe markets will sit sideways. One of two things happen. A crash because all of the money borrowed 5 years ago at 1.5% becomes due and liquidity exits the market OR...we cut rates a lot to try and add $20trillion of liquidity to markets. I use 3 emas for my trading. If you keep it simple, on a 2 minute chart if the 200ema is rising then you typically trade long. Use the 13ema crossing above the 48ema to get long. I do not close a position until it's the end of day OR a candle closes below the 48ema. I reverse this whole strategy to trade a down trend. (declining 200ema with 13/48below.
John the Plumber
Well-Known Member
You seem to know a lot about the markets. Do you just trade for yourself or a professional money manager?
Dave Taylor
Rex kwan Do
Myself. A lot of trial and error. I don’t feel that financial advisors look out for your money, they just take it cut.
John the Plumber
Well-Known Member
I don't buy stocks but the funds I bought with Vanguard do better than the ones I have at Merril Lynch.
Dave Taylor
Rex kwan Do
I only trade options and futures.
Anyone know how to shop for health insurance without having to sign up and open yourself up to a bunch of phone calls? I'd just like a reasonable estimate. My wife's biggest reason for continuing to work is the fear of the cost of our health insurance for the next 5 years.
I signed up here: https://www.nj.gov/getcoverednj/
You can browse the available plans and see all the necessary details and pricing info.
Call an agent you shop it for you?
I don't really want to waste anyone's time. This is more an FYI for my wife's comfort. I'd like to be able to prove to her that we can handle her quitting now at 59 without any issues. Just a quick search confirms that "if" I start SS this year it would more than cover the insurance expense. I'm tempted to take it now anyhow not knowing how Elon is going to affect SS. My guess is is that once you start, they won't cut it off but I could see them trying to change the minimum age requirement.