Retirement Targets
- Thread starter yowza
- Start date
If they can stay green to close today I think that's a good sign for Q4. If they selloff leading into market open tomorrow that would raise my eyebrows a bit.
Stocks that are used due to high dividends will be weaker but the growth stocks will have a stronger showing
Aaand there's the selloff. Market open will be interesting
Not a good sign. Old saying is, it isn't what the market does after a report, it is where it closes. Overnights could be wild.
Beige Book was cited by Powell in his comments, seems like those reports of a weaker economy than the equity market indicates are going to weigh on markets tonight.
VERY curious to see how we finish the week. Flat may honestly be best
VERY curious to see how we finish the week. Flat may honestly be best
If you follow the history of the stock market (dow jones is the easiest) you will see that the market typically has success after inflation cools off some. While inflation is bad for businesses, remember that their prices will rise eventually and they will look to regain their profits as close to real terms so their nominal profits will absorb the inflation and that will move into their stock prices. You knew 2-3 years ago that the market would have a good run, you just didn't know when it would start or from what level.
When inflation shoots up like it did and holds for more than blip, like it did, they needed to attack it hard and that pendulum that swung so far one way was going to end up swinging too much and would need to have brakes thrown on it sooner than most would think in order to avoid a deflationary situation.
In my opinion anyway. It's worth what you pay for it.
Iowa woman leaves more than $1.3 million to 7 different Fort Dodge organizations
Bonnie Barnett's legacy of generosity will live on long after her death.
www.kcci.com
Lot of people could learn a thing or 2 from Bonnie.
I'll take today's ride every day of the week and twice on Sundays.
Former company I worked for just cut 10 hours out of employees work schedule and quit matching 401k plan. Ouch!!
As is always the case, those of you who want to retire within the next few years ... and those retired ... these gains always come with an eventual serious drawdown. Make sure you are diversified to handle the storm. And remember... pigs get fat and hogs get slaughtered. 2000-2003, 2007-2008
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Man that sucks, In better news, I just turnered a Milli on my 401K and that was before it hit the high mark, just hope it keeps rising and rising and .....................
Brutal, company must be struggling financially. Without my 401k match, I would have had to work to 67
Good for you. The first one is the hardest. Took me about 18 years to get there. The second will come much sooner.
18 years damn thats getting after it. Took me 26-27
I don’t know about forecasting. I started saving for retirement about 1989. In about 1999 I was forecasting an early, wealthy retirement. Then the dotcomm bubble burst and after a period of recovery, the financial crisis hit and it took a number of years to recover. The bright side is that during those poor performing years, I bought a lot of cheap stock that I’ve ridden up for ten years into retirement. I didn’t retire quite as young as I thought I might, but I exceeded my goal value. The time path was nothing like I thought it would be. I think how long it took someone to get to a million is mostly about when they started.
The age you start saving, your annual savings rate, and staying disciplined are the keys. Going heavy in equities is also important.
I started saving at age 25 and put away at least 20 percent a year into my 401K, including company match. That fact that my employer matched me dollar for dollar up to 10 percent helped. About ten years into my career, I upped my contributions slightly to hit the maximum allowed the IRS. Additionally, my wife and I have made Roth IRA contributions up to the maximum amounts since 1998.
We managed to save some money in non-qualified accounts, but the vast majority is in tax deterred and tax free accounts.
It really comes down to paying yourself first. View your savings as a mandatory expense, just like a mortgage or car payment. If you have your savings taken directly out of your salary you, will learn to live with what’s left over, trust me. Obviously, this is easier with a 401K. However, you can do the same with a Roth IRA by auto-depositing money into your account each month.
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