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Some positive words...
Old 02-06-2009, 01:07 PM   #1
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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.
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Old 02-06-2009, 01:34 PM   #2
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Thanks for posting that. Unrelenting doom and gloom is profoundly boring.
Living an analog life in the Digital Age.
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Old 02-06-2009, 01:36 PM   #3
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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)
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Old 02-06-2009, 02:22 PM   #4
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Thanks so much...what a great article.
There's no need to complicate, our time is short..
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Old 02-06-2009, 07:28 PM   #5
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Too bad I didn't follow the old rule of thumb. I said go for it - 100% equities.
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Old 02-06-2009, 08:58 PM   #6
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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 ..
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