Ghost of Igloi wrote:
Savings drives retirement and not the investment return. Pretty clear from the statics quoted that is correct. Most believe that investment return drives the retirement bucket. Our friend Sally Vix often quotes 11% historical equity returns where the 20 year track record is far below that even when looking back from near record highs. Investors pay no attention to valuation and think the magic of buy and hold will lead to retirement success. Well that has not been the record of the last 20 years. That is history and not anyone’s opinion. Now if Central Banks have magicallly changed the future equations, well that is another matter.
Ghost of Igloi wrote:
Peleton is cycling to oblivion while Boeing and Tesla are taking investors for a ride.
seattle prattle wrote:
Actually the article is not all bad. But it's like preaching to the choir. The only people who will read it are the ones who probably don't need to hear it - the ones who are well invested and informed and have been following a retirement strategy for years.
I've heard bits and pieces of this message for a while and it's nothing new, but this article does cover it comprehensively and with data. Good read. Got to get back to it now and finish it.
Thx.
Ghost of Igloi wrote:
Better punt on your BA before the football gets blocked.
seattle prattle wrote:
My belief is that the fed, the president, and the congress know that since the demise of the common pension and the advent of the 401K, that the retirement viability of vast portions of our population are dependent on the solvency of the stock market, and they will do what they can to see it does not adversely impact the majority of the population.
mellon wrote:
seattle prattle wrote:
My belief is that the fed, the president, and the congress know that since the demise of the common pension and the advent of the 401K, that the retirement viability of vast portions of our population are dependent on the solvency of the stock market, and they will do what they can to see it does not adversely impact the majority of the population.
Igy: You've often question my reasoning for my "It's Different this Time" belief. Asking why I feel that way.
I posted why shortly after I got on here, but have never had the energy to dig back (probably 4 years ago) for that post. Or, re-post it.
But when I read this one, it is pretty much what I posted back then in a nutshell.
mellon wrote:
seattle prattle wrote:
My belief is that the fed, the president, and the congress know that since the demise of the common pension and the advent of the 401K, that the retirement viability of vast portions of our population are dependent on the solvency of the stock market, and they will do what they can to see it does not adversely impact the majority of the population.
Igy: You've often question my reasoning for my "It's Different this Time" belief. Asking why I feel that way.
I posted why shortly after I got on here, but have never had the energy to dig back (probably 4 years ago) for that post. Or, re-post it.
But when I read this one, it is pretty much what I posted back then in a nutshell.
bump
wineturtle wrote:
Tyson Food as a pure buy and hold stock to add to your retirement mix. Will they remain one of the secure players in the food sector?
Ghost of Igloi wrote:
Better punt on your BA before the football gets blocked.