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+--- Thread: Ok, so we are old and retired. Now what?? (/showthread.php?tid=2111)
RE: Ok, so we are old and retired. Now what?? - fenders53 - 07-18-2022
(07-18-2022, 02:41 AM)crimsonghost747 Wrote:I will look like a rock star for awhile. I waited a long time for this as I want my kid to have considerable confidence I am not completely clueless when I offer investment advice. My past experience tells me that while I can't time the bottom of the market, I may be able to grab close enough to the bottom on some quality stocks here and there. Plenty of cash left to invest so I can save myself if it doesn't get too bad from here.(07-15-2022, 06:16 PM)fenders53 Wrote: I think I have sufficient assets for myself so I started a 401K port for my only child. It's buy a share or two when the stock is crushed. The new port is actually very green after a month but I am only buying extreme dips in whatever sector is getting crushed this week. It's not an amazing feat when you start a port 6 months into a correction but still fun.
No doubt that a correction is a good time to start a project such as this one.
RE: Ok, so we are old and retired. Now what?? - crimsonghost747 - 07-19-2022
(07-18-2022, 12:00 PM)fenders53 Wrote:(07-18-2022, 02:41 AM)crimsonghost747 Wrote:I will look like a rock star for awhile. I waited a long time for this as I want my kid to have considerable confidence I am not completely clueless when I offer investment advice. My past experience tells me that while I can't time the bottom of the market, I may be able to grab close enough to the bottom on some quality stocks here and there. Plenty of cash left to invest so I can save myself if it doesn't get too bad from here.(07-15-2022, 06:16 PM)fenders53 Wrote: I think I have sufficient assets for myself so I started a 401K port for my only child. It's buy a share or two when the stock is crushed. The new port is actually very green after a month but I am only buying extreme dips in whatever sector is getting crushed this week. It's not an amazing feat when you start a port 6 months into a correction but still fun.
No doubt that a correction is a good time to start a project such as this one.
And with such long-term investments as long as you pick the right companies, which I know you will do, it'll be nicely in the green (not to mention all the dividend income) even if you miss the bottom by 30%.
These will have like 30-40 years to compound before they can be withdrawn without penalties?
RE: Ok, so we are old and retired. Now what?? - rayray - 07-29-2022
i played the lotto
most likely threw 4 bucks away
RE: Ok, so we are old and retired. Now what?? - crimsonghost747 - 07-29-2022
(07-29-2022, 05:54 PM)rayray Wrote: i played the lotto
most likely threw 4 bucks away
That's relatively cheap entertainment these days!
Just today I wondering if I should go to the casino. If I do so, I'm fairly confident that I won't make it out of there with a loss of only $4.
RE: Ok, so we are old and retired. Now what?? - cemanuel - 07-30-2022
(07-29-2022, 11:19 PM)crimsonghost747 Wrote:(07-29-2022, 05:54 PM)rayray Wrote: i played the lotto
most likely threw 4 bucks away
That's relatively cheap entertainment these days!
Just today I wondering if I should go to the casino. If I do so, I'm fairly confident that I won't make it out of there with a loss of only $4.
Once every month or so I meet some friends at a local casino and we spend the afternoon doing parimutuel betting on horse races. Some of those guys take it serious. I do not - I put $2 to show on the longest long shot in every race and tell lies, drink over-priced beer and grab the occasional mediocre hot dog.
You might be surprised how often my betting strategy pays off. I started doing that so I'd have a stake/interest in each race and so I wouldn't be disappointed when I lost. More often than not I come out ahead.
RE: Ok, so we are old and retired. Now what?? - rayray - 07-30-2022
(07-30-2022, 06:15 AM)cemanuel Wrote:(07-29-2022, 11:19 PM)crimsonghost747 Wrote:(07-29-2022, 05:54 PM)rayray Wrote: i played the lotto
most likely threw 4 bucks away
That's relatively cheap entertainment these days!
Just today I wondering if I should go to the casino. If I do so, I'm fairly confident that I won't make it out of there with a loss of only $4.
Once every month or so I meet some friends at a local casino and we spend the afternoon doing parimutuel betting on horse races. Some of those guys take it serious. I do not - I put $2 to show on the longest long shot in every race and tell lies, drink over-priced beer and grab the occasional mediocre hot dog.
You might be surprised how often my betting strategy pays off. I started doing that so I'd have a stake/interest in each race and so I wouldn't be disappointed when I lost. More often than not I come out ahead.
my wife and father-n-law love the horses, it's a father and daughter thing i guess
we go to the preakness every so often with some friends--it's neat but i get bored
RE: Ok, so we are old and retired. Now what?? - fenders53 - 07-30-2022
(07-30-2022, 06:15 AM)cemanuel Wrote:I used to enjoy harness racing that was held live locally but ours went under long ago. They held offtrack betting there for years but it seems like a casino would be a better venue for that.(07-29-2022, 11:19 PM)crimsonghost747 Wrote:(07-29-2022, 05:54 PM)rayray Wrote: i played the lotto
most likely threw 4 bucks away
That's relatively cheap entertainment these days!
Just today I wondering if I should go to the casino. If I do so, I'm fairly confident that I won't make it out of there with a loss of only $4.
Once every month or so I meet some friends at a local casino and we spend the afternoon doing parimutuel betting on horse races. Some of those guys take it serious. I do not - I put $2 to show on the longest long shot in every race and tell lies, drink over-priced beer and grab the occasional mediocre hot dog.
You might be surprised how often my betting strategy pays off. I started doing that so I'd have a stake/interest in each race and so I wouldn't be disappointed when I lost. More often than not I come out ahead.
RE: Ok, so we are old and retired. Now what?? - rayray - 07-31-2022
well--i won 4 bucks lol
i'm even-steven