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He is a good book to start with |
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NO advisor has ever beaten the market long term.
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The market is like a roller coaster and the only ones that get hurt are the ones who jump off. Read The Total Money Makeover by Dave Ramsey
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I retired at 52 yrs old. Doing fine without "financial advisors" at 17 years latter. One must ask themselves why am I listening to you when I'm living the golden lifestyle and you are still hawking. Dave Ramsey is no spring chicken. Oh but he loves what he does. Really watch his demeanor. |
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Talk With One of Our Financial Advisors. No Cost. No Obligation |
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I did get the stamps and I did spend a few bucks with them for the FREE STAMPS. Land in Florida, that was amusing. The scams were all over the place for land that was literally underwater. They were hounding me until my dad told them the truth I was like 13 at the time and my allowance was ????? somewhere between a quarter or a dollar per week. The information you give them, age, net worth, where your money is now and how much you have is worth a fortune to them. It is amusing, spell your name slightly wrong and you will be able to have an idea about where they sell your should PRIVATE INFORMATION. |
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My parents according to our press raise me wrong. I was taught you work for what you need and what you want. My parents helped to pay for my college education. I worked through college and at summer jobs and paid the rest. On graduation. planning on taking time off I got a note from the bank congratulations on your graduation, you first loan payment is due, if I recall it was in two months. In today's dollars I owed 91,000. Real number 13,000 x 7. I was an overnight success, it only took me 45 years if hard work and savings. There is no shortage of opportunity. Envy, thought that someone else owes you. It is of far more value to learn how others succeeded rather than wasting time trying to justify stealing what others have produced. Re: global warming, over population. More sad typical thought Since 1950 the year of my birth the population has roughly doubled 180 million to 350 million today. Blacks were 6% of the population Today 13% roughly four times. Sadly typical politically correct mind control. The thought is not what I can, what I should do but what someone else should do. The evil 1% so often parroted. Sadly TYPICAL hate tactics. Unite the mindless MOB against 1%. Well you still have hope that 99% will parrot your HATE and vote for you. Hate is a powerful mindless tool. It has been used successfully throughout history. Interesting reality. Hitler in his insane HATE said the Jews were the route of all evil. United in HATE his people followed him. Few objected. Everyone want to be in the in group. Children were most easily influenced. The numbers are interesting. Hitler and his people murdered half the Jews in Europe. Being great at record keeping we know 6 million Jews were murdered. Simple math so there were 12 million Jews in Europe. In 1945 the population of Europe was 450 million people. Jews were thus 5% of the population. Hum same exact tactics 1% vs 5% is the problem. The numbers were we to take everything the top 1% have. Send them to the ovens as Hitler did, it would not pay half of our current national debt. |
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Are you currently protected on the downside ? Yes.. Let's say this account is today worth $ 100,000. (The numbers are the same with $1 million or 10million). That means you have $27,500 invested in stocks. If the stock market totally crashed and went down 50%, your account value would "only" be down $ 13,750, since the bulk of it isnt affected by stock market turbulence. If anything, however, you can be a victim of inflation, as neither your bonds nor your cash . stable value yield much more than zero. If we do have a surge in inflation, your bond portfolio would most likely go down as well, as interest rates would rise, causing bond prices to fall. You might want to consider a "fee only" financial planner.. someone that IS NOT a stock broker that can assess your financial situation.. eg current course and speed, will you outlive your portfolio (bad) or will your portfolio outlive you (better). They will be able to put your spending and savings into perspective so that you will be able to Sleep well at night (SWAN) knowing that your financial affairs are in good order. |
Stock Market Crash
The best advice that can be given to you is 1) talk to friends and see who they use or 2) utilize the services of a Mutual Fund Company like Fidelity or Vanguard. Both have online information to learn about the stock market and also they have advisors that you can talk with. There happens to be a Fidelity office in Lake Sumter. Your money is too precious to take advice from non professionals.
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Becca: in my opinion that is an excellent allocation of your allocation. Rule of thumb is your age should determine percentage. For example if you are 65 years old then 65% of your holdings should be in what would be considered safe investments, i.e. bonds, money market, etc.. The other 35% could be placed in stocks so you could some short term growth potential.
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Becca,
I would study the best practices of large 401k (403b) and mimic those plans. The largest in the world and best 401k plan has all of its allocation plans for all age targeted plans on line by asset class. You can view it on Home | Thrift Savings Plan. The thrift savings plan was started in 1984 when Federal employees were shifted from a solid pension plan to a weak one with a 401k. It is free of all political influence. The other element of success for TSP is low operating cost. Vanguard investments comes the closest to this commercially |
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Good luck! |
Actually many dividend stocks can lose a lot of value and cut their dividends so I would be extremely careful and even if you only have 20% in stocks make sure it's spread it around to at least 10 different stocks or wanted to good mutual funds or spiders
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As many people have said you probably have a pretty good allocation depending on your age quantity of money and if you have other retirement benefits. I would say if you're living in The villages and you have SS and the money in the bank you're doing okay. There are many other risks as you approach older age as I say including debilitating diseases and long-term healthcare in a home. Both you can buy insurance for but it will be very expensive today probably at your senior age. The other thing you don't talk about is if you have good children. And I mean good. Sons and daughters that will come visit you or take you in if you get dementia or reach your late 90s and need day by day help. These are things I don't worry about as I know I have three great children as well as a wife. There are many people that marry somebody 10 or 20 years younger for this reason. If you have a lot of capital I wouldn't necessarily do this but it's just another thought.
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If you can weather a market correction and you can live without your retirement funds age adjusting your asset into bonds, which have not performed much at all in recent years, means you're just leaving money on the table and probably actually losing money due to inflation. The same goes for money market/cash. If you need the liquid assets, fair enough, keep in there what you need but if you don't, put it somewhere it's going to earn. There are fairly conservative mutual funds that consistently return 4-6% even in flat and bear markets. It's a risk/reward calculation and basing it on age without factoring in a lot of other details of your life and needs doesn't do anyone any good. There is no question you should go more conservative with age, this issue is how much and 35% in growth for a healthy 65YO is bad, as is 50% in stocks for a sickly 50YO. |
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I agree and we refer to this book from time to time. Have read several of his books. Very easy to read and understand. Ric does a good job explaining things. |
I found this book helpful: "The 5 Mistakes Every Investor Makes and How to Avoid Them. Getting Investing Right." by Peter Mallouk, JD.MBA. Publisher is Wiley Publications
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Asset Allocation: Your portfolio is moderately risky. Diversification: Your overall portfolio style: Core. For most investors, maintaining such broad-based market exposure is a prudent way to invest. Fees & Expenses: The mutual funds in your portfolio tend to have very low expense ratios. World Regions: You have a fairly healthy stake in foreign stocks. Thanks for the suggestion to take that look! To All, again a big thanks for the opinions and gentle prods. I have more knowledge today than I did 2 days ago (reading until my eyes crossed) but still have a looooonnng way to go. Thanks again, very appreciated! |
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i got the exact opposite from his message. much food for thought can't be disposed of so quickly
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What Crash????
Full Speed Ahead.
Heavily invested in stocks. Rock 'n Roll 2021 Midyear Outlook | Wells Fargo Investment Institute |
Depends upon the definition of crash. . . hyperbole for sure!
5% correction by the end of the year definitely. 10% correction by year end, probably, 20% correction, maybe, 30% correction not likely but probability is never zero So, now, what are you going to do at each level, based upon your age, your financial needs and your financial assets? If you don't know, then you need a CFP for some guidance as to your own personal situation. . . which is not a TOTV place to educate yourself. good luck |
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