Buying into the stock market

[ponytug]

But, $16,000 today money would probably be needed to purchase $35 bucks worth of 1970s stuff. Remember penny candy.

So, are you saying that penny candy near you goes for $4.57 a gumdrop?

There's been inflation for sure, but not that much around here.

My takeaway would be to put money into an investment rather than marshmallows, but that's me.

All the best,

Peter

 

[DarkBlack]

There are quite a lot of people for sure planning exit strategies vs staying put if they are near retirement. I think a standard return of 7 percent means at least 3 years to make up a correction.

Exiting from the workforce, definitely shouldn’t mean exiting from your investments. Any 401k or 403b employer plan should be rolled over into an IRA, of your choice, where you can reinvest the money in all asset classes , not just the ones you’re previous employer plan offered

 

[riptides]

Exiting from the workforce, definitely shouldn’t mean exiting from your investments. Any 401k or 403b employer plan should be rolled over into an IRA, of your choice, where you can reinvest the money in all asset classes , not just the ones you’re previous employer plan offered

A few more movements in the markets like Friday.....throws off timing of retirement I suspect. Not rollovers. Or what constitues your investments.
Bluntly...if one does not have a retirement account....one may not elect to retire.

 

[grsthegreat]

So, are you saying that penny candy near you goes for $4.57 a gumdrop?

There's been inflation for sure, but not that much around here.

My takeaway would be to put money into an investment rather than marshmallows, but that's me.

All the best,

Peter

I was joking. Ive been invested in market for over 20 years. Have made so much, the wife and i are now having more spendable cash available than we did before we retired. Its amazing not to have any money worries. Everything is paid off.

 

[Fuddyduddy1952]

But, $16,000 today money would probably be needed to purchase $35 bucks worth of 1970s stuff. Remember penny candy.

I'm trying to make the point of:
1970...$35=one ounce gold =$2,949.60 today
2025...$35 invested S&P=$16,971.60 today

 

[ponytug]

I was joking. Ive been invested in market for over 20 years. Have made so much, the wife and i are now having more spendable cash available than we did before we retired. Its amazing not to have any money worries. Everything is paid off.

It is great when it works out! I'm glad that your foresight has paid off so well for you. I hope that many others will follow your example as well.

All the best,

Peter

 

[NeverDrewDime]

I didn’t feel ready to put any real money in, so I played around with simulated trading first. If you're looking to do the same, tradeify discount codes for simulated trading accounts might help cut the cost a bit. I found it useful just to mess around with different strategies without stressing over losses. It gave me a better feel for how things move before I started using actual cash.

 

[OffgridTractor]

I didn’t feel ready to put any real money in, so I played around with simulated trading first. If you're looking to do the same, tradeify discount codes for simulated trading accounts might help cut the cost a bit. I found it useful just to mess around with different strategies without stressing over losses. It gave me a better feel for how things move before I started using actual cash.

It's not "trading" - it's "investing".

For beginners, if you aren't going to hold it for 10 years, don't buy it.

 

[Hay Dude]

Fidelity 500 Index FXAIX
Fidelity Advisor Technology Fund FATIX
Vanguard Growth Index Admiral VIGAX

These three "growth" funds have performed well for me over the last few years - and today's downturn only impacted the share price by a few $ at the market close today.

The bigger concern is a 20% "correction" is likely coming where these funds will drop with market uncertainty, but they rebound for better gains long term over 3-5 years.

Great time to BUY

 

[Hay Dude]

$35 invested in the S&P 500 in 1970 reinvesting dividends and interest today would be worth $16,971.60.

Long-term Historically you are correct, if you go back to a long time ago like 1970, but recently (last few years) is a lot different. Golds performance in the last 3 years is incredible.

Gold is up 49% in the last year, while the S&P is up only 13%. Who wouldn’t want to take advantage of that? You buy gold, let it go up almost 50%, sell it, and use the proceeds to trade into buying stocks while they are low.

I get it if you don’t want to actively monitor & trade, but even with 5 minutes spent every few days, you can use gold funds or real gold as a bear market tool to buy more stocks or funds at lower prices.