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Thread: When to Draw Social Security Retirement

  1. #31
    See, the Thing is... Cow Poke's Avatar
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    Quote Originally Posted by Sparko View Post
    Normally my plan is to just leave everything alone, because I am in it for the long haul and any ups and downs usually smooth out and end up as "up" over time.
    Dollar-Cost Averaging!

    But I am kinda worried about the election and Trump screwing around with all those tariffs.
    I keep hoping somebody will be able to help him see the instability he's causing --- he's already delayed the start of some of the tariffs, but I really don't think he listens to anybody.
    Every problem is the result of a previous solution.

  2. #32
    Troll Magnet Sparko's Avatar
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    Quote Originally Posted by Cow Poke View Post
    Yeah and I try to stay away from single stocks except for a few bluechip stocks, most of my investments are in index funds and mutual funds, but I am thinking of moving most of the stuff to a "stable" fund my retirement investments offer, basically money market fund with some bonds and such. I am thinking of doing it closer to the election though. I hope I don't screw up and wait too long.

  3. #33
    See, the Thing is... Cow Poke's Avatar
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    Quote Originally Posted by Sparko View Post
    Yeah and I try to stay away from single stocks except for a few bluechip stocks, most of my investments are in index funds and mutual funds, but I am thinking of moving most of the stuff to a "stable" fund my retirement investments offer, basically money market fund with some bonds and such. I am thinking of doing it closer to the election though. I hope I don't screw up and wait too long.
    I remember reading an analysis of the people who panicked in 2008/ish, and sold off as stocks were collapsing... and where they would be today if they had just hung tight. Ya just never know!
    Every problem is the result of a previous solution.

  4. #34
    Oops....... mossrose's Avatar
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    Quote Originally Posted by Cow Poke View Post
    I remember reading an analysis of the people who panicked in 2008/ish, and sold off as stocks were collapsing... and where they would be today if they had just hung tight. Ya just never know!
    They would be where my husband and I are now. Living comfortably on retirement savings. We have a terrific financial advisor who has become a believer in the years we've known him, and he has been so good to us. A real blessing.

    I have learned not to panic at any sort of stock market news, and we have always done very well with our investments.


    Securely anchored to the Rock amid every storm of trial, testing or tribulation.

  5. Amen Cow Poke, Teallaura amen'd this post.
  6. #35
    Troll Magnet Sparko's Avatar
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    Quote Originally Posted by Cow Poke View Post
    I remember reading an analysis of the people who panicked in 2008/ish, and sold off as stocks were collapsing... and where they would be today if they had just hung tight. Ya just never know!
    Yeah I learned my lesson during the dot com fiasco. I had a bunch of tech stock at the time, like intel and microsoft, and when everything started crashing, I waited at first but then panicked when it kept going down and sold off most of it. I kept a few shares and when it went back up I felt really dumb because if I had just hung on to it all, I would have had a lot more in my personal roth IRA acct.

  7. Amen Teallaura amen'd this post.
  8. #36
    See, the Thing is... Cow Poke's Avatar
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    Quote Originally Posted by mossrose View Post
    They would be where my husband and I are now. Living comfortably on retirement savings. We have a terrific financial advisor who has become a believer in the years we've known him, and he has been so good to us. A real blessing.

    I have learned not to panic at any sort of stock market news, and we have always done very well with our investments.
    And I don't attribute it to luck or 'knowing the market' - I look at it more as being blessed by God for my faithfulness, even when I can be a real blockhead. He has blessed me in spite of myself.
    Every problem is the result of a previous solution.

  9. Amen Teallaura, mossrose amen'd this post.
  10. #37
    Oops....... mossrose's Avatar
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    Quote Originally Posted by Cow Poke View Post
    And I don't attribute it to luck or 'knowing the market' - I look at it more as being blessed by God for my faithfulness, even when I can be a real blockhead. He has blessed me in spite of myself.
    Yes. We understand that God is in control of our finances, and if we are faithful to being good stewards of what He has provided for us, that He will continue to provide for us.

    It all belongs to Him. He has never failed us, even through tough times.


    Securely anchored to the Rock amid every storm of trial, testing or tribulation.

  11. Amen Teallaura, Cow Poke amen'd this post.
  12. #38
    See, the Thing is... Cow Poke's Avatar
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    Quote Originally Posted by mossrose View Post
    Yes. We understand that God is in control of our finances, and if we are faithful to being good stewards of what He has provided for us, that He will continue to provide for us.

    It all belongs to Him. He has never failed us, even through tough times.
    In just the last couple of weeks, my (returned) prodigal daughter says she thinks she's finally "getting it" when I've been telling her for the last 20 years that her problems are "spiritual" -- including the financial ones.
    Every problem is the result of a previous solution.

  13. Amen mossrose, Teallaura amen'd this post.
  14. #39
    Troll Magnet Sparko's Avatar
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    U.S. stocks rise as bullish earnings, retail sales offset trade issues for now

    Stocks rose Thursday in volatile morning trade after a bullish earnings report from Walmart, the world’s largest company by revenue, along with a jump in U.S. retail sales in July, underscored the health of the U.S. consumer.

    Overnight stocks had added to Wednesday’s sharp losses when China threatened unspecified retaliation against President Trump’s threat to impose more tariffs on its imports from September.

    https://www.marketwatch.com/story/st...ffs-2019-08-15

    China softens stance on trade after saying it has to take counter-measures to US tariffs

    “We hope the U.S. side will meet China half-way, and implement the consensus reached by the two leaders during their meeting in Osaka,” China’s spokesperson at the foreign ministry Hua Chunying said.
    https://www.cnbc.com/2019/08/15/chin...s-tariffs.html


    So I guess my trade yesterday wasn't a flop (yet) after all.

  15. #40
    See, the Thing is... Cow Poke's Avatar
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    Quote Originally Posted by Sparko View Post
    U.S. stocks rise as bullish earnings, retail sales offset trade issues for now

    Stocks rose Thursday in volatile morning trade after a bullish earnings report from Walmart, the world’s largest company by revenue, along with a jump in U.S. retail sales in July, underscored the health of the U.S. consumer.

    Overnight stocks had added to Wednesday’s sharp losses when China threatened unspecified retaliation against President Trump’s threat to impose more tariffs on its imports from September.

    https://www.marketwatch.com/story/st...ffs-2019-08-15

    China softens stance on trade after saying it has to take counter-measures to US tariffs

    “We hope the U.S. side will meet China half-way, and implement the consensus reached by the two leaders during their meeting in Osaka,” China’s spokesperson at the foreign ministry Hua Chunying said.
    https://www.cnbc.com/2019/08/15/chin...s-tariffs.html


    So I guess my trade yesterday wasn't a flop (yet) after all.
    I kinda figured this was all just saber rattling --- Trump's own way of creating chaos in hopes of gaining some small advantage.
    Every problem is the result of a previous solution.

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