Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Some positive words...
Old 02-06-2009, 12:07 PM   #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: 5,664
Some positive words...

Most financial or retirement articles these days are negative. I found this peace to have some positive aspects to it.

There is an even larger group for whom the prospects are even brighter: young retirees, or near-retirees, people in their 50s and 60s. By this age, most people have at least some of their savings in relatively safe, lower-yielding assets, but may still have a large amount in stocks and riskier assets. The old rule of thumb has been that your age should equal the percentage of your assets in safe, fixed-income assets. Like all rules of thumb, I find it a crude measure, but the point is a good one: As you age, you need to move more of your savings into lower-risk, less-volatile assets.

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 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!

Old 02-06-2009, 12:34 PM   #2
Gumby's Avatar
Join Date: Apr 2006
Posts: 9,218
Thanks for posting that. Unrelenting doom and gloom is profoundly boring.

Living an analog life in the Digital Age.
Gumby is online now   Reply With Quote
Old 02-06-2009, 12:36 PM   #3
ziggy29's Avatar
Join Date: Oct 2005
Location: Texas
Posts: 15,419
Originally Posted by Gumby View Post
Unrelenting doom and gloom is profoundly boring.
Not to mention a great way to create a self-fulfilling prophecy.
"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)
ziggy29 is offline   Reply With Quote
Old 02-06-2009, 01:22 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 8,968
Thanks so much...what a great article.
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 02-06-2009, 06:28 PM   #5
Recycles dryer sheets
Join Date: Aug 2008
Posts: 71
Too bad I didn't follow the old rule of thumb. I said go for it - 100% equities.
ohfrugalone is offline   Reply With Quote
Old 02-06-2009, 07:58 PM   #6
Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,752
I knew I was gambling with my kids' inheritance. And my results were worse. 80% mega-corp options that dropped 60%. Got lucky however:
  • sold 15% at June high
  • while down 65% (from max to min) up 25% lately (from min today)
  • my kid's inheritance will be down, not my lifestyle
Check the 'who has lost a million' thread. Got 30% back since due to an unconventional asset allocation.

There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote

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
Finally Positive for the Year 2B FIRE and Money 51 05-25-2008 08:24 AM
book recommendations for staying positive simple girl Other topics 13 10-23-2007 02:47 PM
Positive Financial Planner stories Empty Pockets FIRE and Money 30 01-12-2007 11:57 AM
Positive Wishes to All REWahoo Other topics 17 12-24-2005 07:19 PM


All times are GMT -6. The time now is 05:54 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.