At what age did you decide
- Thread starter Gunfighter14e2
- Start date
Well, for the nonce, I have a simple IRA with Fidelity and they do put some money in low risk low yields. However, once I get past some bills, I certainly plan on spreading it out. Question, because I sincerely do not know anything from a hill of beans - do you think they are using AI to sell and promote investments and is that a bad thing? Okay, that's two questions.
I don't know squat about the markets except for the chunk they fucked me out of in 08 to refund the bankers. When I retired in 09 I pulled everything & stuffed it into a local bank. Now I've made the decision to remove what I can't put my hands on in 30 seconds & invest in items I know for a fact are tangible no matter what happens from here on out. (Gold & Silver* are NOT tangible to me.) The amount of interest lost vs a total lost, does not balance anymore based on many things I now see happening. The total amount of money I've made in the markets in my whole life is a pittance compared to tooling, yellow iron, or EPG gear, I've bought & sold over the years.
Silver*
long ago a cast some pure silver & bullets, but quickly found out I needed to use a 0.311 mold as when the silver cooled it shrank. Pure silver bullets work very well on dangerous animals & glass. Of course they also work well on werewolf, vampire, witch, or other supernatural beings no matter leg count.
Well, the latter part is the most important. And I eat a lot of garlic, which keeps even me away.I don't know squat about the markets except for the chunk they fucked me out of in 08 to refund the bankers. When I retired in 09 I pulled everything & stuffed it into a local bank. Now I've made the decision to remove what I can't put my hands on in 30 seconds & invest in items I know for a fact are tangible no matter what happens from here on out. (Gold & Silver* are NOT tangible to me.) The amount of interest lost vs a total lost, does not balance anymore based on many things I now see happening. The total amount of money I've made in the markets in my whole life is a pittance compared to tooling, yellow iron, or EPG gear, I've bought & sold over the years.
Silver*
long ago a cast some pure silver & bullets, but quickly found out I needed to use a 0.311 mold as when the silver cooled it shrank. Pure silver bullets work very well on dangerous animals & glass. Of course they also work well on werewolf, vampire, witch, or other supernatural beings no matter leg count.
For me, it was late 2008. But by the time I had got my decision made, it was February 2009.
I had stocks, bonds, & mutual funds, IRA, etc. Since I was a military contractor, I researched & bought stock in companies that announced news of very large contracts awarded.
I used to watch my stock values go up & down, and it bothered me. So in early 2009, I sold everything except what was in my 401k, and put it all into an annuity with a large insurance company that supports the military community. I took a pretty heavy financial loss, but never looked back. I needed something that was "fire & forget" because constant monitoring of the stocks, mutual funds, etc. drove me nuts.
My pile at that point was what they called a "jumbo". I put it all into the annuity and forgot about it. It sat there gathering dust at the rate of 5.6% per month for ten years. It made me money at a modest rate and I did nothing, which was perfect for my mindset. An annuity is rather like a CD, but its an insurance product. I went back to work doing aviation maintenance, so I made good money.
In 2012, I made a very bad business deal by trusting a guy who was not trust worthy and cashed out my IRA and lost $125,000. I went back to Afghanistan & made that money back in a year.
Fast forward to February 2019: the annuity matures and had increased $138,000 in 10 years. The insurance company pays me a fixed amount every month for the rest of my life. Their attenuation tables bet I will die before age 88, when their break even point is... but if I live longer than age 88, I'm using their money.
This fund, plus social security, plus whatever I can earn doing other work, is what I live on. I'm not rich, and I live modestly & simply, but I will never have to worry about money for the rest of my life.
I had stocks, bonds, & mutual funds, IRA, etc. Since I was a military contractor, I researched & bought stock in companies that announced news of very large contracts awarded.
I used to watch my stock values go up & down, and it bothered me. So in early 2009, I sold everything except what was in my 401k, and put it all into an annuity with a large insurance company that supports the military community. I took a pretty heavy financial loss, but never looked back. I needed something that was "fire & forget" because constant monitoring of the stocks, mutual funds, etc. drove me nuts.
My pile at that point was what they called a "jumbo". I put it all into the annuity and forgot about it. It sat there gathering dust at the rate of 5.6% per month for ten years. It made me money at a modest rate and I did nothing, which was perfect for my mindset. An annuity is rather like a CD, but its an insurance product. I went back to work doing aviation maintenance, so I made good money.
In 2012, I made a very bad business deal by trusting a guy who was not trust worthy and cashed out my IRA and lost $125,000. I went back to Afghanistan & made that money back in a year.
Fast forward to February 2019: the annuity matures and had increased $138,000 in 10 years. The insurance company pays me a fixed amount every month for the rest of my life. Their attenuation tables bet I will die before age 88, when their break even point is... but if I live longer than age 88, I'm using their money.
This fund, plus social security, plus whatever I can earn doing other work, is what I live on. I'm not rich, and I live modestly & simply, but I will never have to worry about money for the rest of my life.
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buy fully automatic weapons, way better than gold at this point
start with a simple registered bolt uzi and work your way up
start with a simple registered bolt uzi and work your way up
I kept my money invested in 2009, and purchased more shares. The S&P 500 in 2009 was up 26.46%. In 2010, it went up another 15.1%. 2011 was pretty flat, but I kept buying. 2012 was up over 13%. 2013 was up almost 30%, that is, almost one third of whatever you had invested again . . . Only $100k invested? Had $130k at the end of the year. A million? $300k of returns for you. Between 2013 and now, there have been two more slight down years (one was basically flat, less than 1% down), but huge up years. Even 2020 was an up year at 16.26% (lots of folks think it was a down year).I don't know squat about the markets except for the chunk they fucked me out of in 08 to refund the bankers. When I retired in 09 I pulled everything & stuffed it into a local bank. Now I've made the decision to remove what I can't put my hands on in 30 seconds & invest in items I know for a fact are tangible no matter what happens from here on out. (Gold & Silver* are NOT tangible to me.) The amount of interest lost vs a total lost, does not balance anymore based on many things I now see happening. The total amount of money I've made in the markets in my whole life is a pittance compared to tooling, yellow iron, or EPG gear, I've bought & sold over the years.
Silver*
long ago a cast some pure silver & bullets, but quickly found out I needed to use a 0.311 mold as when the silver cooled it shrank. Pure silver bullets work very well on dangerous animals & glass. Of course they also work well on werewolf, vampire, witch, or other supernatural beings no matter leg count.
I have not regretted my decision to stay in and keep buying more and more. I am sorry you have missed out on an era of extraordinary growth in the markets, fueled by low interest rates and reckless debt spending, BUT:
But I was probably in a very different situation than you were in 2009. You said you retired that year, so you were probably much, much wealthier than me. If you can meet your retirement goals with wherever your money is invested, then good for you.
I had not built up significant wealth and needed to keep investing to build up a good financial foundation.
Still working on that now.
Roth IRA, Simple IRA that is employer matched (So 100% ROI. Not really but I tell myself that), Stock (from Mom), and a guided account that has lots of stuff in it. Add some land that is worth maybe 500.00/acre (I was offered 7500.00/acre last week. WTF do they know that I don't?), and that's my spread. Also have some catastrophe currency for a rainy day.
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Built many a M/G prior to 5/19/86 none of them paid as well as Yellow Iron, or even close to EPG equipment when you look at the RoR/M (rate of return, per month). My first M/G's were R/R's but then I switched to Rdias those brought more but when divided by monthly increase yellow & EPG was much better.
I keep investing more. These days it requires much more monitoring and active research so if i have times that life gets too busy to watch what's going on, it's better in my eyes to sell and hold cash. But i also work in corporate finance (yawn) so it's not a foreign language to me.
2020 was a great time for me! I got a 55% return on my stuff that year. Best to leave it in and ride it out and when stuff is down, buy more!
Depends on where you live….mineral rights made many many many poor hillbillies in Appalachia rich mfrs. $7500 /acre was only the beginning. People became overnight millionaires. Think Beverly Hillbillies
Yellow Iron = Construction/Mining Equipment.
EPG = Electrical Power Generation gear.
In 2020 when I was 51. By end of 2021 I was completely divested and reinvested in tangible assets, land, fruit trees. Still investing in tangible assets and tools.
