Nah, I originally went in at about 2% of my portfolio on Gnus, but these other guys I'm at like .2%. So I'm definitely not putting myself too far out there.
All joking aside. The ups and downs won’t impact anyone that’s retiring 15+ years from now. But what about all the retired people? They shouldn’t be forced to take risk to get a return. They can’t recover from one bad sell off. I do feel bad for them.
Retired folks shouldn't be seeking to maximize returns. Modest returns with security is the focus. But yes, zero interest rates definitely hurt retirees.
It also slows down investment if our interest rates AND labor costs are higher than the other parts of the world with an available work force.
Strong late finish, closes at 1.57, so I was up 115% at the bell, but it is down in extended hours to $1.24.
The drop in the market, which paved the way for the rebound in the market, plus the lack of sports which opened up a ton of time in my attention schedule, has been a perfect storm for me.
Well you are right but like me you are also kind of wrong.
of course not. But you don't have choices when rates are zero. I'm not even talking about people with no savings. Mo money mo problems.
+1
No you are not alone, i invest in companies I know, believe in and put most of my money in the 500 index funds, I am a Warren Buffet guy. I will not touch them for at least 10 years. I use Merrill Lynch associated w/ BOA, unlimited free trades by the way.
Yea I assume most people have money in index funds/ETFs and mutual funds etc..I have them too, some fixed income, structured products etc..
That's a new one. I guess there is having money vs there is having "it's only money" money.
True. My theory is that because finance industry is concentrated in NYC area, all the forecasters are skewed because they are projecting how bad it is in the Northeast to the rest of the country.
+1
I got in before the open at 1.19, so I could have played it better, but in the long run that little bit won't matter.
