topspark
Member
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?
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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
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 ����
“Stock market and Retirement Planning”thread under Hobbies outside golf. Years worth of discussion.
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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.
Really, is it different? It sure sounds like the same topic.
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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.
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.
I meant to say the thread already exists.:act-up:
I’m guessing there’s only so much golfing in a day ����