Is having a graduate degree in the field in question and keeping up on a daily basis not an appropriate response to the "educate yourself"?
This is the situation - we've been burnt by the market. He was too invested in stocks and I freaked out when things started going south and we pulled out of the market at about DOW 7,000 and I don't want to go back in. Luckily he got a lot of cash when he was downsized after that. Everything else looks risky too - bonds, municipal bonds, real estate.
I think I'm pretty informed. I have an MA in Economics for one thing and read the Times and WSJ daily and have read quite a few current books on the economic situation. Why am I a troll? Not even sure what that is. Perhaps it's good to have someone new on your forum with a slightly different point of view.
I don't think investing is good now. I'm not sure what the problem is with a little give-and-take on the subject. If you find it uniformative unsubscribe.
I think I'm going to stay in FDIC insured bank accounts. Does anyone have any tips on how to find the ones with the best interest and keep track of the accounts? Thanks for the tip above - I'm going to investigate what we have to do to make sure we are set in case of a default.
I think I'm pretty informed. I have an MA in Economics for one thing and read the Times and WSJ daily and have read quite a few current books on the economic situation. Why am I a troll? Not even sure what that is. Perhaps it's good to have someone new on your forum with a slightly different point of view.
I don't think investing is good now. I'm not sure what the problem is with a little give-and-take on the subject. If you find it uniformative unsubscribe.
I think I'm going to stay in FDIC insured bank accounts. Does anyone have any tips on how to find the ones with the best interest and keep track of the accounts? Thanks for the tip above - I'm going to investigate what we have to do to make sure we are set in case of a default.
And you are concurring that I was not trolling? Was I controversial or off-topic? Before interest rates went this low (very recently), many, many retirees were in risk-free CDs. I think this is a worthy topic of discussion.
Just as a reminder, you can put someone on ignore with two clicks. Left click their screen name, then go to the bottom of the box and click on Add ______ to your ignore list.
My husband and I have a decent amount of cash and he's currently out of a job - looking but who knows. This is the situation - we've been burnt by the market. He was too invested in stocks and I freaked out when things started going south and we pulled out of the market at about DOW 7,000 and I don't want to go back in. Luckily he got a lot of cash when he was downsized after that. Everything else looks risky too - bonds, municipal bonds, real estate. If you took our nest egg and divided it by 30 - we probably would have enough to live. Should we invest it or just keep it in cash? I don't trust any financial planners either. I'm worried about inflation too.
With a troll, where is the fun in that?
My husband and I have a decent amount of cash and he's currently out of a job - looking but who knows. This is the situation - we've been burnt by the market. He was too invested in stocks and I freaked out when things started going south and we pulled out of the market at about DOW 7,000 and I don't want to go back in. Luckily he got a lot of cash when he was downsized after that. Everything else looks risky too - bonds, municipal bonds, real estate. If you took our nest egg and divided it by 30 - we probably would have enough to live. Should we invest it or just keep it in cash? I don't trust any financial planners either. I'm worried about inflation too.
And here is our shill, right on schedule...
What is next? MMND?
Was this directed at me? If so, I joined today after finding some answers to a question I had regarding HSAs. Just another person interested, in my case, in staying retired. I'm not shilling for anyone.
By the way what is MMND?
By the way what is MMND?
Could it be possible Brewer? Pure chance that a guy with 2 posts joins in with a line like that? Wonders never cease.
Oh, I see. Apparently, when you are new to this forum one should sit back and say nothing for some period of time for fear of being branded a troll. Of course, I am not familiar with the history of the rest of you folks so for all I know this is how you respond to new members.
The problem is that I am not sure what I have said that makes me a troll. Perhaps you could enlighten me so I don't make the mistake again.
Most legitimate new posters start with a "Hi, I am..." post introducing themselves.
You are a tough bunch.
So that was my error. Thanks. I am a member of numerous forums and had not run into that before....
You are a tough bunch.
While you may consider yourself informed (and I wouldn't disagree with that opinion) you also appear to be uneducated on the subjects of asset allocation and long-term investing. You asked the question, so don't kvetch about the answers until you've tried them out. You have an opportunity here to educate yourself, but you're continuing to [-]dig a deeper hole[/-] argue about it with the other posters.I think I'm pretty informed. I have an MA in Economics for one thing and read the Times and WSJ daily and have read quite a few current books on the economic situation.
For example, there's your use of the word "risk". Most investors use the word "risk-free" to apply to Treasuries. You may be using it to imply that a CD has zero volatility. But American CDs are generally considered to be insured, and CDs from international banks are not always insured, and not even the FDIC is risk-free.Before interest rates went this low (very recently), many, many retirees were in risk-free CDs. I think this is a worthy topic of discussion.