Did you sell at the bottom and never put money back in?2000 killed my 401k, 2008 killed it again.
The Dow hit a low of just under 6,500 points in 2009 but Friday closed at an all time high of 41,563.
Did you sell at the bottom and never put money back in?2000 killed my 401k, 2008 killed it again.
Post pictures of what you bought...I just recently came into Creedmoor money these days and now I too have no limits on available cash.
Ahhhh, I recall 1979 well, I turned 21.You know what investment has never depreciated? Transferables. Not one day in 38 years.
I have made over $17 this year alone...Onlyfans,
Gotta shake that moneymaker.
I'm pretty sure if I lost a bunch of my pension, I would recall what Local I was paying dues to.Steel workers, can't remember the local off hand.
In 2012, I came very close to buying a couple. I opted for a bunch of guns as opposed to a couple.You know what investment has never depreciated? Transferables. Not one day in 38 years.
Did you sell at the bottom and never put money back in?
I won’t give you flak, but I did most of that. Married a smart, ambitious, faithful woman whose first job as a teacher in 1981 paid like $9000.00 Worked her way up to School District Administrator in the low 6 figures. We’ve had 2 lake homes, a bass boat, always a motorcycle, and horses. No RV or golfing. Always lived below our means. Bought 8 houses and moved for her promotions, bought a few fixer uppers. Sold 3 houses right through the housing crunch and even made some money. She’s a gun gal, it helps to marry an enabler in that department.I'm probably gonna catch some flack for this, but... Don't have kids. Get a decent job. Marry a smart gal with a decent job. Don't buy boats, RVs, expensive cars, motorcycles, ATVs, golf carts, and all the other stuff people spend money on. Next thing you know, all your income is discretionary.
Not sure what 401k options you have going on, but mine offers many different options. Generally my point was don't sell during downturn unless you absolutely have to, let the 401 ride and keep investing.Sadly , this is what the market does, it flushes away your investment earnings every so often so that only the big boys make the real gains. I didn't have much control over my 401k investment options I certainly didn't have the stop limit sell options. You def don't sell when the market crashes, that is when you buy. again can't do that with a 401k, at least not most. YMMV
I too turned 21 in 1979 and bought my first semi at the tender age of 21 years and 8 months. No turning back now!!Ahhhh, I recall 1979 well, I turned 21.
Love those old cab over KWs.I too turned 21 in 1979 and bought my first semi at the tender age of 21 years and 8 months. No turning back now!!
There were a lot of people at one of the steel mills (U.S. Steel or Bethlehem??) that lost their pension and benefits. My husband had two cousins that had worked their whole life there and retired. Both had health issues and were depending on the insurance. Both had their pension cut in half and all insurance benefits just gone. They both had to go back to work at other jobs just to survive.I'm pretty sure if I lost a bunch of my pension, I would recall what Local I was paying dues to.
Thanks,There were a lot of people at one of the steel mills (U.S. Steel or Bethlehem??) that lost their pension and benefits. My husband had two cousins that had worked their whole life there and retired. Both had health issues and were depending on the insurance. Both had their pension cut in half and all insurance benefits just gone. They both had to go back to work at other jobs just to survive.
Like you, I worked and paid tax for 52 yrs. I listened to a few of my elders along ago. And like you I pay a guy that has done very well for my family, my children and myself. Investments aren't my world, they are Carls world.To answer the OP’s question: I personally broke my butt and worked hard; even started my own firm at one point!
Through all those years I retained a very good Certified Financial Planner to help manage and grow my investments. I believe this is a key factor working towards retirement; retain a CFP early on and work with him/her.
After 38 years doing what I did and being careful about money, investments and debt, I retired in September, 2022.
I prepared as much as possible for retirement and being able to have some toys after retirement.
I’m very, very grateful to the man in charge of heaven for everything!
Be careful, thats almost 1099 worthy.I have made over $17 this year alone...
Side gigs in a gun store are great,Side gigs are nice. Sadly for me any side work isnwhen work wants me and I dont want to mess with it.