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Post by MoBuckChaser on Nov 17, 2020 7:43:16 GMT -6
Stock markets go down, but always come back. The sucking part is if we live long enough for us to see it come back. Lol Ya, the markets always come back. Crashes/corrections are great buying opportunities for folks with long term investment horizons. But a guy needs to know when his investment career should end and turn into more of a maintaining role if we plan on pulling money from our investments to live on. What I am doing now is not what a retired guy should be doing. But I am trying to figure out if I live to 80 years old or maybe 85 will I be spending more or less then I do now at 60? I don’t know what that trend will be.
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Post by smsmith on Nov 17, 2020 7:49:46 GMT -6
Ya, the markets always come back. Crashes/corrections are great buying opportunities for folks with long term investment horizons. But a guy needs to know when his investment career should end and turn into more of a maintaining role if we plan on pulling money from our investments to live on. What I am doing now is not what a retired guy should be doing. But I am trying to figure out if I live to 80 years old or maybe 85 will I be spending more or less then I do now at 60? I don’t know what that trend will be. Yep. Our portfolios are pretty aggressively weighted towards stocks/mutual funds right now. It makes me a bit nervous, but I figure we've got at least a few years of "letting it ride" before getting back towards a 75/25 distribution. Figuring out what your lifestyle will be like in 20-25 years isn't easy. With how quickly medical advances come today, I can only imagine what the world will look like in two decades. 24/7/365 those computers are running and figuring shit out...
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Post by MoBuckChaser on Nov 17, 2020 8:03:55 GMT -6
But a guy needs to know when his investment career should end and turn into more of a maintaining role if we plan on pulling money from our investments to live on. What I am doing now is not what a retired guy should be doing. But I am trying to figure out if I live to 80 years old or maybe 85 will I be spending more or less then I do now at 60? I don’t know what that trend will be. Yep. Our portfolios are pretty aggressively weighted towards stocks/mutual funds right now. It makes me a bit nervous, but I figure we've got at least a few years of "letting it ride" before getting back towards a 75/25 distribution. Figuring out what your lifestyle will be like in 20-25 years isn't easy. With how quickly medical advances come today, I can only imagine what the world will look like in two decades. 24/7/365 those computers are running and figuring shit out... I have a neighbor here that is 75 and his wife is 74. They spend nothing out of the ordinary now. No travel, no going out to eat nothing. But said he was doing that before COVID hit. So maybe that’s what we will be like and won’t need much money. Hope not, but 15 years can change a guy.
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Post by smsmith on Nov 17, 2020 8:10:04 GMT -6
Yep. Our portfolios are pretty aggressively weighted towards stocks/mutual funds right now. It makes me a bit nervous, but I figure we've got at least a few years of "letting it ride" before getting back towards a 75/25 distribution. Figuring out what your lifestyle will be like in 20-25 years isn't easy. With how quickly medical advances come today, I can only imagine what the world will look like in two decades. 24/7/365 those computers are running and figuring shit out... I have a neighbor here that is 75 and his wife is 74. They spend nothing out of the ordinary now. No travel, no going out to eat nothing. But said he was doing that before COVID hit. So maybe that’s what we will be like and won’t need much money. Hope not, but 15 years can change a guy. My wife and I live a pretty simple life. We do spend too much at the bar/going out to eat but that's about our only "unnecessary" expenditure. We will likely begin to spend more each year on trips to FL or the Gulf Coast of TX. We'd like to get to the point where we spend a few winter months there. If a person is content with their surroundings, it doesn't take all that much money to live comfortably. I'm about done spending any money on any vacations outside the U.S.
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Post by Bwoods11 on Nov 17, 2020 10:20:31 GMT -6
Don't worry Stu, Biden will take care of all of us. He will stop the virus in it's tracks, and he will continue the record stock market rise. He is simply amazing!!
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Post by Catscratch on Nov 17, 2020 12:29:20 GMT -6
Don't worry Stu, Biden will take care of all of us. He will stop the virus in it's tracks, and he will continue the record stock market rise. He is simply amazing!! That's all I heard from biden for months; "I have a plan to stop covid, I will fix the failing economy, I will unite the country". I'm holding him to it! Going to be pissed if he doesn't do at the very least those three things. Everybody in the country should feel the same and have mostly peaceful protest if he doesn't make good. Since the media proclaimed him winner all I hear about is how he's going to fix the climate. Funny how (now that he will get his opportunity to keep his word) that they shift the focus onto something that is unmeasurable. How would sd say it; "move the goal posts".
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Post by batman on Nov 17, 2020 16:12:37 GMT -6
Fucking Biden.
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Post by Freeborn on Nov 17, 2020 17:56:10 GMT -6
Yep. Our portfolios are pretty aggressively weighted towards stocks/mutual funds right now. It makes me a bit nervous, but I figure we've got at least a few years of "letting it ride" before getting back towards a 75/25 distribution. Figuring out what your lifestyle will be like in 20-25 years isn't easy. With how quickly medical advances come today, I can only imagine what the world will look like in two decades. 24/7/365 those computers are running and figuring shit out... I have a neighbor here that is 75 and his wife is 74. They spend nothing out of the ordinary now. No travel, no going out to eat nothing. But said he was doing that before COVID hit. So maybe that’s what we will be like and won’t need much money. Hope not, but 15 years can change a guy. I would plan on spending more the younger you are and less the older you are. The three phases of retirement make sense: GOGO, SLOWGO and NOGO. If you don’t like people now think how much you will like people in 15 years. :-) How many expensive trips will you take if you don’t feel up to traveling. Seems like shorter trips would be more likely and they would be domestic and probably less than a week.
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Post by Bwoods11 on Nov 17, 2020 18:03:28 GMT -6
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Post by MoBuckChaser on Nov 17, 2020 18:58:43 GMT -6
I have a neighbor here that is 75 and his wife is 74. They spend nothing out of the ordinary now. No travel, no going out to eat nothing. But said he was doing that before COVID hit. So maybe that’s what we will be like and won’t need much money. Hope not, but 15 years can change a guy. I would plan on spending more the younger you are and less the older you are. The three phases of retirement make sense: GOGO, SLOWGO and NOGO. If you don’t like people now think how much you will like people in 15 years. :-) How many expensive trips will you take if you don’t feel up to traveling. Seems like shorter trips would be more likely and they would be domestic and probably less than a week. I agree with your thinking but over what length of time? I think I am more setting shit up for the old lady then me.
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Post by smsmith on Nov 18, 2020 8:39:40 GMT -6
4 weeks of take out/delivery only for restaurants and bars. New limits for family gatherings. The end of high school sports.
Wanna bet 4 weeks becomes 4 months?
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Post by biglakebass on Nov 18, 2020 8:41:07 GMT -6
Starting when?
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Post by smsmith on Nov 18, 2020 8:43:44 GMT -6
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Post by sd51555 on Nov 18, 2020 9:58:14 GMT -6
4 weeks of take out/delivery only for restaurants and bars. New limits for family gatherings. The end of high school sports. Wanna bet 4 weeks becomes 4 months? Back in June I was told by an establishment that you could have a drink while you waited for your takeout order. It took me 3 hours to decide what to order for takeout, and I barely made it home.
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Post by smsmith on Nov 18, 2020 10:05:17 GMT -6
4 weeks of take out/delivery only for restaurants and bars. New limits for family gatherings. The end of high school sports. Wanna bet 4 weeks becomes 4 months? Back in June I was told by an establishment that you could have a drink while you waited for your takeout order. It took me 3 hours to decide what to order for takeout, and I barely made it home. Plenty of places willing to roll the dice on losing their licenses when the life of the establishment is on the line.
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