On 7/24/2020 2:51 PM, Commander Kinsey wrote: ...
No. Absolutely false premise. It is not a zero-sum game.
On 7/24/2020 2:51 PM, Commander Kinsey wrote: ...
No. Absolutely false premise. It is not a zero-sum game.
WTF is an "100-age"?
There's something wrong with the world when the fate of a company lies in the hands of people who think it might do badly or well, and not how it really does.
You take the number 100 and subtract your age. That is the percentage you should have in stock by one formular.
For example if you are 25 years old you have 100-25 = 75 % in stock. if you are 60 years old you have 100-60 = 40 % in stock.
I do not pay any atention to the old formulars. You should have so much in cash, so much in stock and so much in bonds by one old formular. The cash is probably in savings or CDs and not money laying around.
Most of my money is in the IRA mutual funds stock. When the marked took a dive a few months ago I lost about $ 100,000 from the highest it had been, but now I am about $ 6,000 ahead of a few months back when it was the highest. Probably lost all that in the last 2 days when Trump pissed off China again. I am still way ahead of where I was before Trump was elected. One fund was way down this year so far, but two others were up 4% and 10 %.
Another old formular was to take out 4 % of your money each year. I do not know how much I will be takin out in percentage in anothe year when the reuired minimum deduction takes effect. I will have to take out more than I want to spend, so may have to just invest that in some other stock or buy some things I would sort of like to have,but not really wanting.
What, you think companies always do better and better? What about all the ones going bankrupt?
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