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Post by illinoisfisherman on Apr 10, 2024 14:31:03 GMT -5
I think back to 2007/8 when a bunch of my acquaintances had weekly meetings and discussions about money. They were all older than I was and I believe all have been called home now.
The richest of the group (and they were all very wealthy) told me to buy into the stock market then and hold on. If I remember correctly the Dow was around 8000. 4x that now. I was scared.
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Post by olmucky on Apr 10, 2024 14:42:37 GMT -5
Just turned on the news Stock market taking a beating today Another 3.8% increase in goods and services perhaps
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Post by illinoisfisherman on Apr 10, 2024 14:48:40 GMT -5
Yes. Now Biden is going to print more money to buy votes through student loan debt forgiveness. Insane inflationary tactics.
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Post by ferris1248 on Apr 10, 2024 14:55:35 GMT -5
At 67 I felt the same way. I didn't get conservative until I was 72/73 and I sold the company. Robert, you actually retired? Wow. I’m unable or unwilling to do that. I can tell you, you are making a big mistake. You are certainly able. Unwilling because you fear the unknown. I have been in your shoes.
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Post by cadman on Apr 10, 2024 15:04:56 GMT -5
Robert, you actually retired? Wow. I’m unable or unwilling to do that. I can tell you, you are making a big mistake. You are certainly able. Unwilling because you fear the unknown. I have been in your shoes. Second what Ferris said. Big mistake. Retire and enjoy life while you're able. Another thing because you have mentioned you weigh 340. The day you retire, change how you eat completely. Go to meats and vegetables. Reduce your starches and sugars. When I retired I weighed about what you do. I am now at 245. As I told the doc. I did not go on a diet. I cant do diets. I changed how and what I ate. With a diet, when you off the diet, you go back to old habits. I found a plan I can live with the rest of my life.
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Post by madm002 on Apr 11, 2024 10:33:01 GMT -5
And now back to the stock market. I found this stock today MNMD, ,they are actually using LSD to treat anxiety, with tremendous stage 2 test results. I listened to an interview with the CEO. One a month treatment, far more efficient than current state of medicine treatments. Given the history of some of the members of this board, thought it worth mentioning. I put on a tiny position just for the fun of it. YMMV, it is a spec.
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Post by ferris1248 on Apr 11, 2024 10:49:05 GMT -5
Some of those companies are going to hit. I don't know how high they'll go but there's money to be made if you're an investor.
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Post by illinoisfisherman on Apr 11, 2024 10:55:00 GMT -5
Stocks still scare me.
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Post by cyclist on Apr 11, 2024 12:09:08 GMT -5
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Post by ferris1248 on Apr 11, 2024 12:51:31 GMT -5
I can see why. Nice returns.
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Post by richm on Apr 11, 2024 13:22:29 GMT -5
I can tell you, you are making a big mistake. You are certainly able. Unwilling because you fear the unknown. I have been in your shoes. Second what Ferris said. Big mistake. Retire and enjoy life while you're able. Another thing because you have mentioned you weigh 340. The day you retire, change how you eat completely. Go to meats and vegetables. Reduce your starches and sugars. When I retired I weighed about what you do. I am now at 245. As I told the doc. I did not go on a diet. I cant do diets. I changed how and what I ate. With a diet, when you off the diet, you go back to old habits. I found a plan I can live with the rest of my life. YES - RETIRE!!!!!!!! I work with a bunch of engineers - they want to retire but also want to work in retirement. What is the fun in that? Mostly they have no life, no shared vision with spouse. One owner guy is 65 his wife is 55 and she wants to work. Hello! I'm putting a $3-$5 mil value on the portfolio based on stock shares being worth $1.5 mil. My sister and her hubby retired last year - sitting on their asses mainly with some trips planned. Get out of house, exercise, enjoy life...
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Post by nuevowavo on Apr 11, 2024 15:20:04 GMT -5
Retirement is awesome - highly recommend it! Sold our business and the building 2 years ago, put everything in the stock market. Life is good!
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Post by conchydong on Apr 11, 2024 15:23:28 GMT -5
I couldn’t go back to work even if I had to. I don’t even know how I managed life and the house when I was working. You miss a little of the social interaction with fellow employees, etc., but you get over that real fast.
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Post by nuevowavo on Apr 11, 2024 15:39:30 GMT -5
Interesting. Of course its largest holdings are the big techs - Nvidia, Amazon, Microsoft, Intuit. Outperformed the S & P since 2020. Nice!
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Post by mackeralsnatcher on Apr 11, 2024 15:47:40 GMT -5
I wonder all the time how I ever got all this stuff done before i retired. Seems i have more shit to do now then before i retired.
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