Villagers net worth

[Chi-Town]

The Daily Sun today has a good news article on how the net worth of people ages 65 to 74 has increased significantly from 2010 - 2013. I would imagine 2014 will add to that increase. So to the naysayers who lament how badly things have gotten and how we're heading toward Armageddon, please remember that your financial well being is extremely important to you and your children. But to all read the article; it's a beautiful day in The Villages.

[Bavarian]

How much is due to Inflation?

[Villages PL]

The Daily Sun today has a good news article on how the net worth of people ages 65 to 74 has increased significantly from 2010 - 2013. I would imagine 2014 will add to that increase. So to the naysayers who lament how badly things have gotten and how we're heading toward Armageddon, please remember that your financial well being is extremely important to you and your children. But to all read the article; it's a beautiful day in The Villages.

I would say most of the gain in net worth consisted of gaining back what was lost when the market tanked. It all depends on the years being compared. Perhaps they should have compared 2007 or 2008 with 2013.
Also, not all investors got in at the same time, so some did much better than others. Some may have gotten out at the bottom and stayed out.

I was slowly accumulating shares (bargains) as the market went down so I eventually did well. I lost some money as the market went down but eventually made back much more than I lost.

[FromAus]

The cumulative rate of inflation from 2010 to 2013 was 6.8%

[TVMayor]

I know my net worth is not included in the in The Daily Sun figures because they never contacted me to ask me.

[rubicon]

Beware of the "wealth effect"

[dewilson58]

Net Worth in the bank, or Net Worth to society??

[billethkid]

and please, PLEASE remember TV is not a typical sample of the age group mentioned.

On a nation wide, same basis and age group measure I suspect the news is not all that celebratory!!

TV is an anomoly in many, many respects.

[Bavarian]

Beware of the "wealth effect"

Thank you, Alan Greenspan

[dplars]

Life in TV is great, if you saved, invested and lived below your income. If you are still working and your insurance premium doubled or the deductible went from $1000 to $10,000 and your disposable income went down 30%, you may say it sucks. Talk to some young working family's.

[Chi-Town]

and please, PLEASE remember TV is not a typical sample of the age group mentioned.

On a nation wide, same basis and age group measure I suspect the news is not all that celebratory!!

TV is an anomoly in many, many respects.

Actually the article stated that the 16% increase was for the broader population and that TV might be higher. Just imagine the blowback if we were lower than the national average.

But take a look at the brokerages and banks that are flourishing here. Check out the Fross & Fross building in Lake Sumter. I don't doubt that The Villages is an anomaly, but how sweet it is that we are enjoying an upswing.

[Buffalo Jim]

Thank you, Alan Greenspan

Ha Ha ! Good One !!

[Coal Miner]

Some people just cant handle good news. yea but! yea but! yea but!.

[golf2140]

We did it without the help of the govn, Gee that's funny

[kellyjam]

]We did it without the help of the govn, Gee that's funny

With all the trillions that were created out of thin air, I would say the Government had a lot to do with it.

[rubicon]

Thank you, Alan Greenspan

your welcome

[Chi-Town]

Fross & Fross sponsored six buses to Orlando for a day at the malls yesterday. Here is a company that manages Villagers' wealth and provides them with an outing to spend it. It's like Happy Days Are Here Again.

[Yorio]

So many investment firms setting up shops in TV. Wonder which group is doing wonders to the Villagers so they can go on a world cruise etc?

[pbkmaine]

And then there's Vanguard, which has no perks, no commissions, no storefront, no free champagne, just telephone reps and the lowest costs in the industry. That's where Warren Buffett wants his wife's money managed after he dies.

[BeetleBailey]

Fross & Fross sponsored six buses to Orlando for a day at the malls yesterday. Here is a company that manages Villagers' wealth and provides them with an outing to spend it. It's like Happy Days Are Here Again.

Hats off to "Fross & Fross" for providing activities for client's, and their guest's. The client's, and their guest's really appreciate all the events they provide. Thank you, "Fross & Fross"

[keithwand]

Guess who's paying for it.

[rubicon]

Interesting who is paying for it. I compared two accounts and noticed i was paying more than what i realized for expenses especially compared a managed fund to another an index based fund. i called my managed mutual fund manager and asked if I could have the expense fees discounted. he claimed they could not and proceeded to tell me that the fund had earned extremely high. but then so did my index fund at a fraction of the cost expense. the fact is the Fed's sugar high policies have been feeding the market

[manaboutown]

The DJIA went from just over 10,000 in January 2010 to just under 18,000 as of 12/5/14, almost an 80% gain. If a person held some good solid stocks over that period of time they would have increased their net worth. A rising tide lifts all ships and the tide definitely rose over that period of time.

[VT2TV]

Gee, all of our bills, esp. insurance and medicines have gone WAY up!!!!!!!!!!!!!!!! Thank goodness for that 1.7% raise from the government, not that it even begins to cover the 1800% some of our drugs have gone up. Thankfully mine only went up about 200%. Maybe not exactly what you were talking about, but....

[2BNTV]

I may be wrong and sometimes am, but I believe the DJ was at 10,400 when it took the dive to 6500/6600. It is now close to 18,000.

If one sold at 9,000 and let their money rest on the sidelines in a money market with hardly any interest, and then got back in at 8,000 or so. One would have made a lot of money when it climbed back to 18,000. Certainly more than what one had lost and thought would never be regained.

TV people tend to have made more money than the rest of the country. In that regard, they are an anomaly. IMHO

For all the complaints coming from wall street brokers, they have done exceedingly well. :smiley: