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Post by Deleted on Jul 15, 2023 15:59:37 GMT
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Post by retiredat48 on Jul 15, 2023 16:31:48 GMT
@django ,...link didn't get me there.
BTW The Four Pillars of Investing is the number one book I suggest others read to develop an investing strategy.
R48
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Post by johntaylor on Jul 15, 2023 16:50:25 GMT
Agree with that quotation, but sometimes opportunity knocks
As personal computers entered the workplace/home, was buying tech stocks hand over fist until 2000, so 15 years of high returns
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Post by uncleharley on Jul 15, 2023 16:58:53 GMT
High returns can be appropriate.
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Post by steadyeddy on Jul 15, 2023 17:08:11 GMT
Investors that chase returns usually do not catch them. Instead, focus on what you have and grow it slowly.
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Post by fred495 on Jul 15, 2023 18:23:50 GMT
Investors that chase returns usually do not catch them. Instead, focus on what you have and grow it slowly.
Especially good advice for retired investors who don't need a lot more money, and prefer to sleep well at night by erring on the side of caution.
Good luck,
Fred
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Post by steelpony10 on Jul 16, 2023 11:19:08 GMT
Investors that chase returns usually do not catch them. Instead, focus on what you have and grow it slowly.
Especially good advice for retired investors who don't need a lot more money, and prefer to sleep well at night by erring on the side of caution.
Good luck,
Fred
I had experience helping my parents and in laws navigate through retirement one for 35 years including 2 LTC stints. Statistically most retirees seem to have to skin flint their way through retirement woefully under planning for retirement. Retirement spending is U shaped if you live long enough. For a majority later life issues including LTC can wipe out all assets and may leave a spouse living in poverty for an extended period. In regards to the OP then the bulk of my experience came from dealing with my parents. It took me 20 years to settle on a plan I could live with for my wife and I composed of 3 parts and another 5-10 years to implement it. I saw I could never has enough to feel secure so I still invest to have as much unneeded cash flow and savings to cover 2 3 year stints in LTC guessing at $150-175k a year. I grab every opportunity even with small amounts to do that especially during market sales like now. So a core to live on now and a core to work on for our later years if needed. Some buy and hold for us with some buy and buy with confidence if ever needed. Staying static would bother me seeing and experiencing what I had. Being too conservative can have consequences. |
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Post by Chahta on Jul 16, 2023 11:30:06 GMT
Investors that chase returns usually do not catch them. Instead, focus on what you have and grow it slowly.
Especially good advice for retired investors who don't need a lot more money, and prefer to sleep well at night by erring on the side of caution.
Good luck,
Fred
Hi Fred. I am curious how you take income or distributions. It sounds as if you are just collecting interest. That may be enough (don’t need more money) for you. |
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Post by fred495 on Jul 16, 2023 14:46:53 GMT
Especially good advice for retired investors who don't need a lot more money, and prefer to sleep well at night by erring on the side of caution.
Good luck,
Fred
Hi Fred. I am curious how you take income or distributions. It sounds as if you are just collecting interest. That may be enough (don’t need more money) for you.
Exactly, Chahta. And as long as the Fed keeps raising interest rates, I am staying in risk-free MM's and CD's. In the future, I might be looking at bond OEF's like CBLDX, RCTIX and TSIIX, or low volatility hybrid/allocation funds like JHQAX, BLNDX/REMIX, PVCMX and FMSDX, for example.
In the meantime, I see no urgency to invest in the market since it seems to be somewhat overvalued, it is trading for 19 times forward earnings.
Fred
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Post by roi2020 on Jul 16, 2023 18:20:37 GMT
I read The Four Pillars of Investing years ago.
The portfolio construction information was very useful.
I look forward to reading the just-released second edition of the book.
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