Ghost of Igloi wrote:
Flagpole wrote:
Yeah, he's not good at stock market prognostication for sure. I had to leave that Dow thread (for the most part), because I was proven to be SO right. It DOES get boring hitting home run after home run after a while.
Sure, Dow 26,616 1/26/2018, and Dow 9/26/2019 26,890. Same level last 20 months; no better than a CD as I have said. You better protect your portfolio or you’ll never make your retirement in California (god knows why). I posted on the Dow thread just the other day. Sorry none of your prognostications have come to pass, brother.
Ha! Dude, that thread started in 2013! Looking at short periods of time is not the way to go. I was told by you and others for a long time in that thread that I would be sorry, that I had been "warned", etc. Just all BS.
Since 2013, I have gone from an investor who was just ahead of the game to one who now no longer even has to work (and I will stop entirely probably in about 3 years).
There are many ways to protect a portfolio.
1) You can go VERY conservative in retirement with lots of bonds and/or CDs (I will not do that).
2) Plan to live very frugally at least initially in retirement so that your stocks have a continued chance to grow a lot before taking bigger disbursements. This is a good idea for a lot of retirees. I will not need to do this.
3) Keep investments in stocks, but have 3 YEARS minimum of expenses saved liquid (this CAN be CDs, or just cash, or some other no-risk place to keep money that you can get at immediately). I will probably keep this money in a Money Market Account with some overflow (meaning above the 3 years) in cash, never allowing the total to drop below 3 years. You use this 3 years emergency fund IF the market crashes. Then you stop taking from your stocks and use the emergency fund AND social security money to get your through the time for the stocks to come back. Once they do (and they will), you start taking from the stocks again and slowly rebuild the emergency fund.
Anyway, I have enough to retire easily in California. I can buy a house outright in the area I want to live and then just on our retirement income alone, have more income than we have now while working, and then when we are 62, we can take social security too if we want to...have not decided yet if we will then or wait until later to take it.