However, some youths never mature into men and women. Their emotional and mental development remains at a teenage level even as their bodies are in their 60s or older. Wisdom must be sought after and can be gained even by the young if they choose to seek it.
"He who has seen only the superficies of life believes every thing to be what it appears, and rarely suspects that external splendour conceals any latent sorrow or vexation."
"To sell your soul is the easiest thing in the world. That’s what everybody does every hour of his life. If I asked you to keep your soul – would you understand why that’s much harder?"
I've been struggling with this also with my 401K funds (currently have moved most of it to the "fixed" account option, which basically acts like a savings account at a guaranteed 1-1.5% interest). My thought is I don't want to risk a few percent gain for a possible 10 - 20% drop if the market does happen to have a Black Monday type event where I can't move the money fast enough to save it. Granted I'm still pretty new to this trading stuff and have only really been paying close attention and trying to learn it for about a year now.
Unfortunately, I'm aware (real inflation rate seems to be around 10%). I'm able to move money around inside the 401K, but all the other choices put the money into the market or bonds, so I'm just not sure it's worth the risk at this point. My plan is to wait for the inevitable pullback and try to swing it back up.
I’m in the same spot, stuck in my differed compensation plan. maybe look for mutual funds with a large % in commodities, that’s what I’m trying to find now.
If somebody asks me if I'm in or out, my answer is yes. A little of both. You have to decide what your own risk tolerance is. You don't ever have to be one or the other.
The definition of "market" is for a long discussion as well. Is commodities, is oil, is lumber , considered "market" or not?
I’m a little confused why people want to risk the market when there is gold and silver but especially when they listen to you! I just don’t get It. So glad my guy at GoldCo told me about you! I have learned so so much! Thanks!
Someone asked Bernard Shaw what, in his opinion, is the most beautiful thing in this world.
“Youth,” he replied, “is the most beautiful thing in this world—and what a pity that it has to be wasted on children!”
However, some youths never mature into men and women. Their emotional and mental development remains at a teenage level even as their bodies are in their 60s or older. Wisdom must be sought after and can be gained even by the young if they choose to seek it.
Kicking the man out of the house makes it harder on the young
"He who has seen only the superficies of life believes every thing to be what it appears, and rarely suspects that external splendour conceals any latent sorrow or vexation."
Johnson: Rambler #196 (February 1, 1752)
Very kool John.
Later Jay
"To sell your soul is the easiest thing in the world. That’s what everybody does every hour of his life. If I asked you to keep your soul – would you understand why that’s much harder?"
-Ayn Rand-
I wondered where that saying came from. An old lady told, youth is wasted on the young .
Well I like gray hair on a man head grasshopper
Love it Greg! Well done. We have three generations that have never experienced a market crash- covid was bought up in 3 weeks.
Great reply, Greg! Always a good day when you can learn something to improve your life.
G-man... probably kinda new to the team and will improve further with more exposure to the excellent content and guidance you provide.
I got your back. Count on it.
I've been struggling with this also with my 401K funds (currently have moved most of it to the "fixed" account option, which basically acts like a savings account at a guaranteed 1-1.5% interest). My thought is I don't want to risk a few percent gain for a possible 10 - 20% drop if the market does happen to have a Black Monday type event where I can't move the money fast enough to save it. Granted I'm still pretty new to this trading stuff and have only really been paying close attention and trying to learn it for about a year now.
I recommend moving out of “fixed” asap; if it’s only growing at 1.5% you’re losing money due to inflation. Consider moving to a self-directed IRA.
Same here. Have 401k and self directed IRA. Company 401k fixed is this low rate.
For my self directed, I found a money fund with approximate CD rates of 5.1%.
Unfortunately, I'm aware (real inflation rate seems to be around 10%). I'm able to move money around inside the 401K, but all the other choices put the money into the market or bonds, so I'm just not sure it's worth the risk at this point. My plan is to wait for the inevitable pullback and try to swing it back up.
There is no risk when all are screwed
I’m in the same spot, stuck in my differed compensation plan. maybe look for mutual funds with a large % in commodities, that’s what I’m trying to find now.
It’s like this would you trade your old wife for a younger woman excuse if you’re a woman or LBGQ but same question stick with what you know
If somebody asks me if I'm in or out, my answer is yes. A little of both. You have to decide what your own risk tolerance is. You don't ever have to be one or the other.
The definition of "market" is for a long discussion as well. Is commodities, is oil, is lumber , considered "market" or not?
The market is indeed hot at the moment .Fomo can put a real dent in your wallet
If you lose 50%, you have to make 100% to get even.
I sold 200k in stocks today! All we’re up in profit and I dump them all! I still have a foot in but I’m gonna sleep like a baby tonight!😀
To paraphrase, because I forgot the exact quote, "Return OF my money is more important than return ON my money".
... without governments/bureacrats who would rig the markets Greg???
You are correct, Doc.
Shit, I was out last week, and got back in something else this morning.
Permabulls are the absolute worst.
The most arrogant and rude people in life.
At least permabears have some humility.
No such thing as a perma-anything. Its just a silly name given to people by others who don't understand the market. Its about risk.
I agree that one should not be a perma-anything.
However, I have received enough swaths in replies on X from absolutely permabulls and man when the market is ripping, they are exactly as I described.
It is why they constantly buy the dip during bear markets.
I wish they subscribed to the MMRI.
People like to put labels on everything.
I think the attitude of those aforementioned individuals comes from the love of money bringing out a human's worst qualities.
It is another reason why having a balanced mindset does not leave you open to these temptations.
I’m a little confused why people want to risk the market when there is gold and silver but especially when they listen to you! I just don’t get It. So glad my guy at GoldCo told me about you! I have learned so so much! Thanks!
That sounds like a good plan. I'll have to comb back through the available funds in mine and see what's there.
BREAKING - FDIC: "EXPECT TO GET THE NEWS ON A FRIDAY NIGHT" - GET YOUR MONEY OUT !
About $1.17 cents to depositor for every $100 in the bank when they go belly up.
This video is a year old, so you can imagine how much worse it is now!
https://www.brighteon.com/30102d1c-e4a2-4c2a-a424-3274f6d9ad07