UpperNwGuy wrote: ↑Tue Sep 14, 2021 2:31 pm
hoops777 wrote: ↑Tue Sep 14, 2021 1:34 pm
vanbogle59 wrote: ↑Tue Sep 14, 2021 12:45 pm
hoops777 wrote: ↑Tue Sep 14, 2021 12:35 pm
What worries me is where would the stock market actually be if it had been left on its own the past 14 years.
When I look at what is happening around me, it just does not seem like a time when stocks should be soaring.
The stock market to me is like a house built with sub standard materials and poor workmanship, but looks nice on the surface.
Your concern is not without merit. Neither is it new.
Some guy named Smith said something similar a while back: “There is a great deal of ruin in a nation”
Yea but back then the market was not being boosted.
I stand by my statement.
And yes there are a lot of companies making money. There always are.
There are stores and restaurants with people, just like almost always.
I will spare the thread from the list of ruins which in my opinion is unprecedented,new and without a fix unless there are drastic changes which cannot be discussed here.
Does this mean you're selling all your equities and going to cash?
Trust me that nobody should care what I do.
I will tell you just so everyone can get a good laugh at what I did do.
As I approached retirement 6 or 7 years ago,I was obsessed with sequence of returns risk, so I had my number and went in to full protection mode. Zero stocks.
A lot of brokered Cds. I bought a 10 yr. CD 200,000 paying 3.4 that still has 3 1/2 years left. Some very high quality Corp bonds like a 7 year Microsoft paying 3.125. Anyway, I have been averaging about. 3.2 on all our fixed income and about 47K a year in interest,all in IRA’s, except for a couple great GO muni’s and our I bonds.
So I am content. Do I wish I had been heavy into stocks? Not really because the market could have gone the other way.
I recently bought a couple MYGA’s to replace some matured CD’s.
I start my full SS at 70 very soon. We are good.
As my stuff matures I will be buying some stocks again now that SS pays all of our basic expenses.
K.I.S.S........so easy to say so difficult to do.