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You have answered your own question, in my opinion.With 2 years left to retire I am concerned about 401k. I won’t have much time to make it up with a major correction. Survived 2008 downturn but can’t withstand that again so wondering if I should go ultra conservative
Yes I guess you are rightYou have answered your own question, in my opinion.
I think you should be in a somewhat conservative position. However, retirement is one date- but your funds should continue to earn for years and years to come.With 2 years left to retire I am concerned about 401k. I won’t have much time to make it up with a major correction. Survived 2008 downturn but can’t withstand that again so wondering if I should go ultra conservative
There is an old adage that goes "No guts, no glory". Personally, I'm too aggressive in my investing. I remember as a kid, playing pick up basketball. A friend would often shoot the ball, hit the rim, the ball went straight up in the air, then into the basket for 2. That same sucker, in golf, drove into the woods. The ball hits a tree and ricochets into the fairway. He'd often say, "It's better to be lucky than to be good". I told him he was crazy. But, as I've gotten older, I have come to realize that Neil (may he RIP) was right, after all. It is better to be lucky than to be good or smart. I'm certainly not smart (which is no shock to anyone here). I often wonder when that luck will run out. I have thought about cashing out and putting my money into a CD. But, CDs pay little. Of course, if the Federal Reserve increases rates like they say they will, that could change. That might give me something to think about.The rich don't get richer by not buying. Troughs are the perfect time to buy.
Amen brother! I always go on a buying spree when we see a 500+ point dip in the NYSEThe rich don't get richer by not buying. Troughs are the perfect time to buy.
You might considerThere is an old adage that goes "No guts, no glory". Personally, I'm too aggressive in my investing. I remember as a kid, playing pick up basketball. A friend would often shoot the ball, hit the rim, the ball went straight up in the air, then into the basket for 2. That same sucker, in golf, drove into the woods. The ball hits a tree and ricochets into the fairway. He'd often say, "It's better to be lucky than to be good". I told him he was crazy. But, as I've gotten older, I have come to realize that Neil (may he RIP) was right, after all. It is better to be lucky than to be good or smart. I'm certainly not smart (which is no shock to anyone here). I often wonder when that luck will run out. I have thought about cashing out and putting my money into a CD. But, CDs pay little. Of course, if the Federal Reserve increases rates like they say they will, that could change. That might give me something to think about.
You might consider buying Series I bonds from the Treasury. Their rate changes every few months to match prevailing rates. For example, right now the bonds are paying 7.12 percent. You can buy them in whatever amount you desire.With 2 years left to retire I am concerned about 401k. I won’t have much time to make it up with a major correction. Survived 2008 downturn but can’t withstand that again so wondering if I should go ultra conservative
Thanks hahnenkampf. But as I mentioned earlier this morning, I'm still bullish, though "cautiously" so. If I was 2 years away from retirement , as 1982cock is, with 401k monies to help fund retirement, Treasury bonds might would be on my radar. Even though I'm still bullish, I trust he won't go by what I think. Even though I was a State Securities Commissioner many moons ago, I know little and claim less.You might consider
You might consider buying Series I bonds from the Treasury. Their rate changes every few months to match prevailing rates. For example, right now the bonds are paying 7.12 percent. You can buy them in whatever amount you desire.
I bonds — TreasuryDirect
www.treasurydirect.gov
Thank you for the infoYou might consider
You might consider buying Series I bonds from the Treasury. Their rate changes every few months to match prevailing rates. For example, right now the bonds are paying 7.12 percent. You can buy them in whatever amount you desire.
I bonds — TreasuryDirect
www.treasurydirect.gov
Amen to that !Early last year, I sold Russian oil stock Lukoy in the 70s. Today, it is at 6.96 with trading having been stopped. Last Fall, I sold Russian natural gas stock Gazprom in the 10s. Today, it is at 1.10 with trading having been stopped. I made money with both. I know little and claim less. So, it's better to be lucky than to be good.
The real Wolf of Wall Street.Just find out what Pelosi is doing and do that. She has it all stacked in her favor.
Fits the description in many ways.The real Wolf of Wall Street.
This is one of the rare things that Congress does in a bi-partisan way. Senator Richard Burr and former Senator David Perdue (now running for Governor) got in trouble regarding their stock trading activity. I'm very glad to see that Senators Mark Kelly and Jon Ossoff introduced a bill to bar Congress members from trading stocks.Just find out what Pelosi is doing and do that. She has it all stacked in her favor.
I invested $2 in a lottery scratch card last night. Won $20. That's 1800% profit, losers!
This is one of the rare things that Congress does in a bi-partisan way. Senator Richard Burr and former Senator David Perdue (now running for Governor) got in trouble regarding their stock trading activity. I'm very glad to see that Senators Mark Kelly and Jon Ossoff introduced a bill to bar Congress members from trading stocks.
He’s probably got some speculation activity to lose like that in this market. Perhaps some options that didn’t work out or some short squeezes.No matter what, things could always be worse. At an investment site that I'm a member of, I read, this afternoon, someone post that he is down 300K since January 4. I, and others tried to console him.
I don't know if he "lost". He said he was "down" $300K. Unless he sold, he did not "lose" a dime. I'm sure seeing your account "down" $300K since the beginning of the year is a bummer.He’s probably got some speculation activity to lose like that in this market. Perhaps some options that didn’t work out or some short squeezes.