Quote:
Originally Posted by davem4616
we've lived with up and down inflation all our lives
just spend wisely...we're retired...it's time to enjoy life and stop worrying about what you can't control
you're not going to make a killing on your savings, so don't expect to....and having more than 30% in stocks is risky, as we're running out of runway to recover
I rarely watch the news anymore...can't do anything about it, and it seems that the people that should be able to do something
about it either don't seem to care or it's working in their favor....so why would I want to watch something that will just make my
blood boil
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I do understand your post but, it is not really possible.
Having 30% in stocks is risky. Actually having anything in stocks is risky. People refuse to see REALITY.
In days of old, not that long ago, the 10 year treasury paid the rate of inflation plus 2%.
Today the CPI consumer price index is 5%. Treasuries pay, last time I looked 1.4% and you pay Federal income tax on that 1.4%.
Panic tends to feed on itself. Reality, read the posts. People complaining about dog poo,
speeding golf carts and a neighbor with a lawn too brown or too many weeds or......
Things are pretty good, things never have been or will be perfect. Some of the posters, I wonder how they would deal with things if they turn bad.
I find it amusing to read OLD BOOKS. Global warming? I have book, that in my mind issimilar.
Predicting that, of course it has charts and graphs, that in ???? 10 years people would have horse droppings waist deep. Oil? There were similar books that people would run out of wood the principle fuel at the time.
The good old days-normal? The good old days were not as good as we remember. Normal was not normal and now is normal. Normal itself is always changing. Reality?
Reality is always SPUN.