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Earning incomes in retirement

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topspark

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Does anyone, and I would assume many, spend part of their retirement day working on the stock markets or something similar, to enhance their finances?
 
I would hope the answer is No. During your working years playing the stocks is questionable; long term investing is good. In your retirement years, you need liquidity and time is not on your side. Anyone who went big into the market last week is not liking todays outcome. It may rebound tomorrow or something else. The question is how long can you wait
 
“Stock market and Retirement Planning”thread under Hobbies outside golf. Years worth of discussion.


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That sounds too much like work. I prefer to spend the bigger part of my day playing golf. That doesn't leave much time to follow the market. Part of my finances is under a wealth manager, part is in a set of funds that I researched and just let accrue. Every 4-6 months, I'll review and maybe adjust the fund balances. So far, I've done better with the semi-static group of funds than the manager has done playing the market. But others may find they could do better, but I'm happy the way I'm going.
 
Just to clarify.
I’m not looking at blowing any of what has accumulated, but more something to keep the mind active and have something to play around with.
I’m guessing there’s only so much golfing in a day ����
Acesteve said:
I would hope the answer is No. During your working years playing the stocks is questionable; long term investing is good. In your retirement years, you need liquidity and time is not on your side. Anyone who went big into the market last week is not liking todays outcome. It may rebound tomorrow or something else. The question is how long can you wait
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topspark said:
Just to clarify.
I’m not looking at blowing any of what has accumulated, but more something to keep the mind active and have something to play around with.
I’m guessing there’s only so much golfing in a day ����
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Any casinos in Melbourne?
 
Girardcorp said:
“Stock market and Retirement Planning”thread under Hobbies outside golf. Years worth of discussion.


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Click to expand...

Yep, a different thread. I was a finance major and do follow the market closely most weeks, but my wife and I have a professional money manager do 99% of it. She is a professional and has a great team of 11 in her office that have way more expertise than my wife or me.
 
I have a professional money manager to take care of my finances while I am golfing 5 or 6 days a week. I just check my overall investment balance about once a week to make sure it is not heading south.
 
tahoebum said:
Yep, a different thread. I was a finance major and do follow the market closely most weeks, but my wife and I have a professional money manager do 99% of it. She is a professional and has a great team of 11 in her office that have way more expertise than my wife or me.
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Really, is it different? It sure sounds like the same topic.


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Girardcorp said:
Really, is it different? It sure sounds like the same topic.


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I meant to say the thread already exists.:act-up:
 
I have my 401k equivalent with professionals who manage it conservatively. I also have about $150k of ISA's which are a tax free saving you can invest. I dabble, and so far have been far more successful that I deserve. I decided in November 2017 to put money into US stock market as I thought the Donald would look after US business. At the time, Dow was about 24,500. Baled out when it broke 26,500, and cashed in. In June , I went into mining , and have made 9% in six weeks, baling out last week. Since I baled out, Dow has gone down 500+ points, so it is sitting in cash. In eighteen months I have made c.$25,000 without any idea what I am doing. I am putting it into cash at 0.25% interest for six months to stop me losing my lucky gains...………


Dabbling in retirement is fun, but never bet what you can not afford to lose.
 
It sounds like you bailed at exactly the right time :)
I guessed there had to be some out there that dabbled.
Your success may be one of few, but at least the story was worth putting out there.
Congrats.
it would be interesting to hear some other stories ...... good and bad.
Leftyuk said:
I have my 401k equivalent with professionals who manage it conservatively. I also have about $150k of ISA's which are a tax free saving you can invest. I dabble, and so far have been far more successful that I deserve. I decided in November 2017 to put money into US stock market as I thought the Donald would look after US business. At the time, Dow was about 24,500. Baled out when it broke 26,500, and cashed in. In June , I went into mining , and have made 9% in six weeks, baling out last week. Since I baled out, Dow has gone down 500+ points, so it is sitting in cash. In eighteen months I have made c.$25,000 without any idea what I am doing. I am putting it into cash at 0.25% interest for six months to stop me losing my lucky gains...………


Dabbling in retirement is fun, but never bet what you can not afford to lose.
Click to expand...
 
It sounds like you bailed at exactly the right time :)
I guessed there had to be some out there that dabbled.
Your success may be one of few, but at least the story was worth putting out there.
Congrats.
it would be interesting to hear some other stories ...... good and bad.
Leftyuk said:
I have my 401k equivalent with professionals who manage it conservatively. I also have about $150k of ISA's which are a tax free saving you can invest. I dabble, and so far have been far more successful that I deserve. I decided in November 2017 to put money into US stock market as I thought the Donald would look after US business. At the time, Dow was about 24,500. Baled out when it broke 26,500, and cashed in. In June , I went into mining , and have made 9% in six weeks, baling out last week. Since I baled out, Dow has gone down 500+ points, so it is sitting in cash. In eighteen months I have made c.$25,000 without any idea what I am doing. I am putting it into cash at 0.25% interest for six months to stop me losing my lucky gains...………


Dabbling in retirement is fun, but never bet what you can not afford to lose.
Click to expand...
 
I understand and have read the other thread and associated posts.
I have at times commented.
However, as I thought this was a more specific direction, and current, I have started separately.
I also note that in the other thread, there are quite a few that dabble outside there relative “ nest egg base”
So I really am curious to hear the good and the bad experiences.
tahoebum said:
I meant to say the thread already exists.:act-up:
Click to expand...
 
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