Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#46
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ibond 6+%
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#47
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Last edited by Boomer; 11-22-2022 at 08:14 PM. |
#48
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#49
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My broker has the same advice(sleep at night)
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#50
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Good question. I believe if one is in their 70's 60/40 is way too high. However, what happens to your assets if inflation continues at the current pace for some time to come? If you make your change in strategy now, are you losing potential gains if the market moves up from the lower position they are currently in. I don't think there is a definitive answer to this question. A lot depends on your risk tolerance. Good luck!
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#51
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The 60/40 method is for people that are scared about the market. I’m 100% in stocks/funds because that’s where you make your money. Some people will try to tell you that bonds are safer which isn’t true, in 2008, bonds went down almost as much as stocks, and the last few years bonds have performed terrible. Even today, you can make some really good money in certain areas but you have to be more picky. I’ll get in to a fund for a couple months, make 6 digits, then get out and then get back in again when the timing is right. (I’ve done this twice this year alone). If you have cash on hand you can do this pretty easy, and if you do this in non-taxable accounts, you don’t have to worry about paying capital gains taxes. |
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#53
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#56
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#57
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#58
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Good question, I don't believe that "inflation is nonsense". It would only be nonsense to someone that does NOT have to spend money. I can only think of an Eskimo hunter-gatherer to whom it would apply.
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#59
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#60
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Actually poor people are hurt the most by inflation. They usually have no savings/investments to earn the higher interest and generally don't see pay increases that match the level of inflation. On the hand, the "older retired people" usually have social security, which IS indexed for inflation. If you are talking about pensions when you mention "fixed income" well, something tells me that you will be way ahead of the "poor" community if your are collecting social security AND a pension. IMO! |
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