Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Not too late for improvements before you *retire
Old 01-13-2005, 08:06 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,881
Not too late for improvements before you *retire

The fundamental action steps toward improving the performance of your retirement accounts are simple and primarily evolve around just getting organized:

1) Make a list of all your retirement accounts and each position in those accounts

2) Measure their performance in 2004. What did you pay for them and what are they worth?

3) Consider some changes. If you have a lemon; dump it. If you have a profit, think about locking in those gains in light of a potentially tougher market. Remember, you need to lower your risk in the higher interest rate environment which will put downward pressure on the stock market. Those near 60 or over need to lessen exposure to the stock market. The assets in your retirement account will be your income stream;you need to protect them.

__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Too late, coulda and shoulda retired already. jclarksnakes Hi, I am... 23 02-24-2012 09:33 PM
Too late for REITs...again? mickeyd FIRE and Money 9 11-11-2006 09:33 AM
Too Late for International Funds? Craig FIRE and Money 13 03-09-2005 07:46 PM
Is it late to get into energy sector funds Spanky FIRE and Money 20 02-12-2005 08:22 PM
Late Start?  You can Still Retire Early. R.H. Young Dreamers 8 11-13-2004 10:20 AM

 

 
All times are GMT -6. The time now is 11:39 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.