Not my reaI name wrote:
Ghost of Igloi wrote:
Yes, I spent 19 years as a college teacher and coach in a minority community serving others. Many times we lived paycheck to paycheck.
30+ years doing the same. Retired at 58 with no debt and living the dream thanks to solid financial planning.
Good, enjoy retirement. I like working and helping people.
Wow, that's a lot of shuffling.
We are quite comfortable though i still work and do all the work on my own house.
I wish I could pull the trigger on an expensive car, or house, or anything. It goes against my nature. LOL.
Not a problem since both are where I work. I have better choices in the IRA and all trades are discounted as an employee. Wife and I live modestly. Like just staying at home. So it is not an extravagant life style believe me.
Not my reaI name wrote:
Ghost of Igloi wrote:
Yes, I spent 19 years as a college teacher and coach in a minority community serving others. Many times we lived paycheck to paycheck.
30+ years doing the same. Retired at 58 with no debt and living the dream thanks to solid financial planning.
That's great. Good for you!
Do you ever miss work (the sense of fulfillment or purpose)?
seattle prattle wrote:
Not my reaI name wrote:
30+ years doing the same. Retired at 58 with no debt and living the dream thanks to solid financial planning.
That's great. Good for you!
Do you ever miss work (the sense of fulfillment or purpose)?
I wonder how much of his great financial planning is a government pension.
seattle prattle wrote:
Not my reaI name wrote:
30+ years doing the same. Retired at 58 with no debt and living the dream thanks to solid financial planning.
That's great. Good for you!
Do you ever miss work (the sense of fulfillment or purpose)?
No. Had some offers to return to coaching, but found I didn’t miss it as much as I thought I would. My days are filled with running, volunteering, and a couple of hobbies. No shortage of fulfillment or purpose. Financially set for life. Like I said, living the dream.
I sure hope you're not putting me on.
Sounds assuring. Thanks.
Ghost of Igloi wrote:
seattle prattle wrote:
...maybe we could keep this a bit civil?
This guy is nuts. Criticizes me and my family but knows everything about me. Strnge huh?
You do talk about yourself a lot.
Ghost of Igloi wrote:
seattle prattle wrote:
That's great. Good for you!
Do you ever miss work (the sense of fulfillment or purpose)?
I wonder how much of his great financial planning is a government pension.
Bump
Having a government pension is indeed great financial planning.
Not if it the government of Illinois, state or municipal.
Love thy brother wrote:
Ghost of Igloi wrote:
It is not wishing ill on anyone. It is an opinion that simply expresses historical valuation and projecting future market returns.
You make many assumptions regarding her investments. How do you come by this information?
Bump
Love thy brother wrote:
Ghost of Igloi wrote:
Soon = your 10 year annual investment returns a negative number
Why do you wish ill on someone else?
No worries! He's been wishing ill (and name calling) on me for 4 years for not buying in to his 60% drop soon theory.
Also, I didn't realize that the days I pick to post have bothered him so bad. I'll make sure going forward I only do it on days the market is down. A 10% drop that last 2 to 3 weeks seems to get him much more excited than me.
mellon wrote:
Love thy brother wrote:
Why do you wish ill on someone else?
No worries! He's been wishing ill (and name calling) on me for 4 years for not buying in to his 60% drop soon theory.
Also, I didn't realize that the days I pick to post have bothered him so bad. I'll make sure going forward I only do it on days the market is down. A 10% drop that last 2 to 3 weeks seems to get him much more excited than me.
And you have only harrassed me since day one.
Heather H. wrote:
Having a government pension is indeed great financial planning.
“After 8 years of Fed-induced yield-seeking speculation, financial valuations have been driven to the most offensive extremes in history, with the most reliable equity valuation measures recently matching or exceeding their 1929 and 2000 peaks. Accordingly, prospective long-term investment returns for stocks and bonds have been driven to strikingly low levels.
At the September peak, we estimated that a conventional portfolio mix invested 60% in the S&P 500, 30% in Treasury bonds, and 10% in Treasury bills was likely to produce total returns averaging just 0.48% annually over the coming 12-year horizon. The only time passive investors faced lower expected 12-year returns was during the 3 weeks immediately surrounding the 1929 market peak. After a recent increase in bond yields and a mild -10% decline in the S&P 500, that estimate increased to just 1.29%. With most pension funds assuming expected future returns on the order of 7% annually, the coming years are likely to include a rather sevyere pension funding crisis.”
—John Hussman, December 2018 Market Commentary
Given his history, his estimate isn’t worth jack squat.
Ghost of Igloi wrote:
mellon wrote:
No worries! He's been wishing ill (and name calling) on me for 4 years for not buying in to his 60% drop soon theory.
Also, I didn't realize that the days I pick to post have bothered him so bad. I'll make sure going forward I only do it on days the market is down. A 10% drop that last 2 to 3 weeks seems to get him much more excited than me.
And you have only harrassed me since day one.
No harassment, and definitely no name calling. Just disagreement about the market. I'm sure others have their opinion.
Greene wrote:
https://www.advisorperspectives.com/dshort/updates/2018/11/30/ecri-weekly-leading-index-update-yoy-now-negative
Igy, do you think this is another 2011 case?