Adam - I think anyone in their mid fifties or older is acutely concerned about our retirement accounts tanking. As one that doesn't change much due to the incredible power of dollar-cost averaging investing, I'm starting to get that feeling of when to "walk away from the Black Jack table" and go back to your hotel room-feeling. Pivoting toward gold/bonds and safer plays.
All said, I will believe that under the current administration, they will do whatever it takes to ensure the financial markets grow and excel. Since you brought up Rothschild, it was that bank that bailed out our current president in his most dire bankruptcy filing. The same guy he put in a big position in his first administration. Trump and those that helped him, have it in their best interest to see the markets continue to grow.
There's a bubble coming - just not convinced they will allow it under Trump.
If you do that you will likely lose. As a fifty something your time horizon for tapping tax sheltered savings should be something on the order of 15-20 years. Over that horizon it should be ample time for recovery and growth even after a 2008 style drop. If you need to tap your tax sheltered savings at 60 you have no business screwing around with cards or other collectible assets.
As for the politics I’d prefer not to bring that stuff to a card blog.
Not that I neccesarily mind, but I think you're inferring what I stated above with retorting with what feels like definitive statements ("if you do that you will lose")- surmising what I will do. Your statements are assumptive and definitive - like you're putting decisions/words in my mouth/head. I was just stating that I'm not sure I trust the markets & there is a correlation between politics and the markets.
As for the political statement, it's hard to not correlate the economy to politics. Plus, you mentioned Rothschild - which was a trigger for me. You kind of started it...
Hope all is well ;) --- I enjoy your blogs & the dialogue - best! E
Sorry; I did not think that a guy who died in 1836 was a trigger to anyone.
I don't think I was assuming anything. You mentioned having the feeling that it might be time to leave the table and go to gold/bonds and I responded with what my financial planner told me: that it is likely (I did use that qualifier) a losing strategy. I am in the same boat: a sharp downturn and prolonged down market would kick my older butt too, but I also understand that if I don't need the money for a while, I have no reason to go into alternative assets and eschew the historically higher ROI in the market. I am already overweighted on hard assets: I have a house and cards. The irony for most of us middle class and upper middle class folks is that we are long already on investments outside the securities market.
The economy doesn't really correlate to politicians. If it did things like "It's the economy, stupid" or "vibecession" would not work. They can worsen an economy with bad policy (like the Smoot-Hawley tariffs) but can't do a whole lot to brighten one.
Adam - I think anyone in their mid fifties or older is acutely concerned about our retirement accounts tanking. As one that doesn't change much due to the incredible power of dollar-cost averaging investing, I'm starting to get that feeling of when to "walk away from the Black Jack table" and go back to your hotel room-feeling. Pivoting toward gold/bonds and safer plays.
All said, I will believe that under the current administration, they will do whatever it takes to ensure the financial markets grow and excel. Since you brought up Rothschild, it was that bank that bailed out our current president in his most dire bankruptcy filing. The same guy he put in a big position in his first administration. Trump and those that helped him, have it in their best interest to see the markets continue to grow.
There's a bubble coming - just not convinced they will allow it under Trump.
If you do that you will likely lose. As a fifty something your time horizon for tapping tax sheltered savings should be something on the order of 15-20 years. Over that horizon it should be ample time for recovery and growth even after a 2008 style drop. If you need to tap your tax sheltered savings at 60 you have no business screwing around with cards or other collectible assets.
As for the politics I’d prefer not to bring that stuff to a card blog.
Not that I neccesarily mind, but I think you're inferring what I stated above with retorting with what feels like definitive statements ("if you do that you will lose")- surmising what I will do. Your statements are assumptive and definitive - like you're putting decisions/words in my mouth/head. I was just stating that I'm not sure I trust the markets & there is a correlation between politics and the markets.
As for the political statement, it's hard to not correlate the economy to politics. Plus, you mentioned Rothschild - which was a trigger for me. You kind of started it...
Hope all is well ;) --- I enjoy your blogs & the dialogue - best! E
Sorry; I did not think that a guy who died in 1836 was a trigger to anyone.
I don't think I was assuming anything. You mentioned having the feeling that it might be time to leave the table and go to gold/bonds and I responded with what my financial planner told me: that it is likely (I did use that qualifier) a losing strategy. I am in the same boat: a sharp downturn and prolonged down market would kick my older butt too, but I also understand that if I don't need the money for a while, I have no reason to go into alternative assets and eschew the historically higher ROI in the market. I am already overweighted on hard assets: I have a house and cards. The irony for most of us middle class and upper middle class folks is that we are long already on investments outside the securities market.
The economy doesn't really correlate to politicians. If it did things like "It's the economy, stupid" or "vibecession" would not work. They can worsen an economy with bad policy (like the Smoot-Hawley tariffs) but can't do a whole lot to brighten one.
Perhaps our "controversy" will spur more interest to your blog. ;) - I stlll luv ya.