Does anyone invest?

[RacerX]

I feel sorry for them. Saving for retirement takes a lot of discipline. One thing I did was pay off my house by the time I was 42. It saved me tons of interest and allowed me to dedicate the monthly mortgage amount to other things. I also started a fund for my daughter that paid for private HS, college and her wedding. I'm now working on a college account for her daughter. Just takes a lot of willpower and some luck

Congrats, you completed many of the tactics one should pursue when one has limited earning capacity. You were wisely prudent with the knowledge you would never rise above lower-middle class. That’s not a knock, you were self-aware.

But do not confuse your status with wealth and especially do not dispense investment advise because you have not had exposure to many types of investments, everyone is in a different economic position,and everyone has to assume their own risk profiles. One investment path (yours) does not fit gen-pop.

As for retiring at 62, i’m 10 years younger than you and plan to continue working for a long time. If I wanted to live like you I could have retired by 30.

 

[Fatman LOU]

That's Rango

When the wife and i play wrestle in front of him he acts like he wants us to stop playing around in front of him. I tell the wife that she better watch out , Theo's not going to bite the hand that feeds him. So i would think.

 

[MDB111™]

stock market took a stiff jab to the face today...followed by several upper-cuts.

 

[Hawkeye OG]

stock market took a stiff jab to the face today...followed by several upper-cuts.

I'm afraid 2019 is going to be full of days like these. Huge swings up and down all year. I'd stay away from buying/selling everyday and trying to time the market, near impossible. Stick to things you know will perform well long term and just rides the highs and lows

 

[SERE Bear]

If you are not educated regarding investing and have more than 8 years before retirement then index funds are your friend.


Step 1) always take free money. If your employer matches any 401k contributions then put in only that amount. ( most 401ks have high fees, but take the free money)

Step 2) open a ROTH IRA and max that out annually ($6,000) prior to investing elsewhere. under that ROTH IRA invest in an index mutual fund like the Vanguard S&P 500 index fund. (Low fees, solid long term investment)

Step 3). Now you can invest in companies you like . IMO If you’re not doing the first two you shouldn’t do individual company investing

 

[MDB111™]

Does anyone day/swing trade?

 

[Xuder O'Clam]

Does anyone day/swing trade?

Ommy does. Usually at Denny's.

 

[truthbedamned]

Ommy does. Usually at Denny's.

Yummy

 

[HeHateMe]

Yummy

welcome back

 

[Hawkeye OG]

https://www.marketwatch.com/story/this-is-the-average-401k-savings-by-age-2019-01-31

Found this interesting to see how you stack against your peers. These numbers are very low, imo. Amazes me how people can just go about their lives and not be concerned with saving for retirement. I know multiple people 30 and under who do not have anything saved, but have the coolest name brand clothes, latest iPhone and drive a 30k car. Hilarious.

 

[truthbedamned]

welcome back

 

[BearDen]

Keep holding on to those snowflakes

 

[Urblock]

To many people will look at the polar bear pic and feel sorry for it. ****** can swim for miles to get a chance to bite your head off.

 

[MDB111™]

I asked in the stock market thread if anyone would be interested in a investing thread to throw around all of our nerdy ideas.
I thought that I had already tested the waters with a thread and indeed I did, so I figured we could use this one already created.


Anyone think the market saw the bottom last week? I can't really say for sure, but with the Stimulus passed; We could be on our way up.
With that said, the virus is not even close to done in the world markets or even our own so volatility could remain.