 Quote: | Originally Posted by brewer12345 If you have the time and inclination, you can do well picking stocks and bonds, but you have to spend the t ime and you have to know what you are doing. Otherwise, stick with funds. | Agreed. I don't even need to "beat the market" at this point to reach my goals. What I need is to minimize my chance of falling short.
I was fortunate enough to be putting 10-15% of my salary into 401K plans since I was 22. And I was fortunate to have it fully invested through the late '80s and all of the '90s when the market mostly performed very well. Now I just want to make sure I don't fritter that good fortune away. I think I can get 4-6% above inflation over time with my current asset mix, and that's enough to get me where I want to be by age 50 -- and with a lot less risk than picking individual stocks.
At this point, I don't need home runs -- just a lot of singles and doubles. Not swinging for the fences also means I'm less likely to strike out.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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