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Quoted: Pretty sure no such study has ever been conducted. I'd love to get a link to it though. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: stonk market is like a casino - rigged change my mind They did a study with monkeys who picked winning stocks over general day traders. It's definitely rigged. Build wealth, not get rich quick schemes. Pretty sure no such study has ever been conducted. I'd love to get a link to it though. https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/?sh=446589b6630a https://www.wsj.com/articles/SB991681622136214659 |
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Quoted: Follow this one simple rule for investing success... Click To View Spoiler Don’t fight the Fed. View Quote Lower stock prices are good for investors provided you do this one trick nobody wants you to know. Just keep buying no matter what market does, long term will have massive gains. |
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ZOMG!
The S&P has retraced all the way back to where it was 6 days ago!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SELL! SELL! SELL! |
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Quoted: Lower stock prices are good for investors provided you do this one trick nobody wants you to know. Just keep buying no matter what market does, long term will have massive gains. View Quote View All Quotes View All Quotes Quoted: Quoted: Follow this one simple rule for investing success... Click To View Spoiler Don’t fight the Fed. Lower stock prices are good for investors provided you do this one trick nobody wants you to know. Just keep buying no matter what market does, long term will have massive gains. Apple crashed all the way back to where it was last Thursday. You should probably lighten your load while it is low. |
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Quoted: Apple crashed all the way back to where it was last Thursday. You should probably lighten your load while it is low. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Follow this one simple rule for investing success... Click To View Spoiler Don’t fight the Fed. Lower stock prices are good for investors provided you do this one trick nobody wants you to know. Just keep buying no matter what market does, long term will have massive gains. Apple crashed all the way back to where it was last Thursday. You should probably lighten your load while it is low. Lol nope. My AAPL is actually in an account devoted just for that stock and that stock only. It’s called a HOLDING account. |
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4110. Bottom has been tested. Too much value. It’s all gonna crash!!! My OP was 8/25. You come out of bear real fucking fast according to history. Bear are very very short lived. And it’s when you make your most money. But this time it’s different. View Quote |
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Quoted: 4110. Bottom has been tested. Too much value. It’s all gonna crash!!! My OP was 8/25. You come out of bear real fucking fast according to history. Bear are very very short lived. And it’s when you make your most money. But this time it’s different. Lol! Still 10% higher than tested low in June. |
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Quoted: 4110. Bottom has been tested. Too much value. It’s all gonna crash!!! My OP was 8/25. You come out of bear real fucking fast according to history. Bear are very very short lived. And it’s when you make your most money. But this time it’s different. YOU want to play the quote game? Trust me - you will come out looking like the financial idiot that you have proven yourself to be. |
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Quoted: ZOMG! The S&P has retraced all the way back to where it was 6 days ago!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SELL! SELL! SELL! View Quote Fed Rates go up. And they go up. Velocity of recovery lengthens and lengthens as the recession drives equities down the longer inflation is not tamed. Where it was 6 days ago becomes 6 weeks ago, then 6 months ago then people finally say it’s back where it was 6 years ago. Yeah, sell sell sell. We’ve had a 10+ year bull market with low interest rates and a recent injection of trillions in cash over couple of years. |
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Quoted: https://www.ar15.com/media/mediaFiles/200878/5FD70464-15BB-4D9B-9DD9-48C3E862F638_jpe-2525046.JPG View Quote The man we need. |
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Quoted: Fed Rates go up. And they go up. Velocity of recovery lengthens and lengthens as the recession drives equities down the longer inflation is not tamed. Where it was 6 days ago becomes 6 weeks ago, then 6 months ago then people finally say it’s back where it was 6 years ago. Yeah, sell sell sell. We’ve had a 10+ year bull market with low interest rates and a recent injection of trillions in cash over couple of years. View Quote 1. If this is so clear, why doesn't every market analyst who does this for a living agree with you? 2. In 2010-2011, we had a LOT of Arfcom experts saying the same thing, all during the market bull run. |
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Quoted: Fed Rates go up. And they go up. Velocity of recovery lengthens and lengthens as the recession drives equities down the longer inflation is not tamed. Where it was 6 days ago becomes 6 weeks ago, then 6 months ago then people finally say it’s back where it was 6 years ago. Yeah, sell sell sell. We’ve had a 10+ year bull market with low interest rates and a recent injection of trillions in cash over couple of years. View Quote View All Quotes View All Quotes Quoted: Quoted: ZOMG! The S&P has retraced all the way back to where it was 6 days ago!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SELL! SELL! SELL! Fed Rates go up. And they go up. Velocity of recovery lengthens and lengthens as the recession drives equities down the longer inflation is not tamed. Where it was 6 days ago becomes 6 weeks ago, then 6 months ago then people finally say it’s back where it was 6 years ago. Yeah, sell sell sell. We’ve had a 10+ year bull market with low interest rates and a recent injection of trillions in cash over couple of years. |
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Morgan Stanley expects the S&P 500 to plunge another 17%-27% within the next four months — use these 3 top recession-resistant stocks for protection
“Our '22/'23/'24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by Mike Wilson write in a recent note to investors. “In our base case, 2023 now marks a modest earnings contraction (-3% year-over-year growth), though we do not embed an economic recession in this scenario.” “While acknowledging the poor performance in equities year-to-date, we do not think the bear market is over if our earnings forecasts are correct.” |
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View Quote For tomorrow? |
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Quoted: 1. If this is so clear, why doesn't every market analyst who does this for a living agree with you? 2. In 2010-2011, we had a LOT of Arfcom experts saying the same thing, all during the market bull run. View Quote Considering I put a bunch of money into the market in 2012. I’m fine. But seeing the writing on the wall for the obvious recession, why fight the Fed especially since they are telling everyone what they are doing? Is it going to be doooooommmmm? No. We are overdue for a recession, cycles exist and always have. it was delayed because of COVID. But all that money injection and artificial low rate means a bigger cut on the way down. Bring it on. Pain must flow. Re-shoring and regionalization needs inflation down so investment can occur healthily. |
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Quoted: Considering I put a bunch of money into the market in 2012. I’m fine. But seeing the writing on the wall for the obvious recession, why fight the Fed especially since they are telling everyone what they are doing? Is it going to be doooooommmmm? No. We are overdue for a recession, cycles exist and always have. it was delayed because of COVID. But all that money injection and artificial low rate means a bigger cut on the way down. Bring it on. Pain must flow. Re-shoring and regionalization needs inflation down so investment can occur healthily. View Quote View All Quotes View All Quotes Quoted: Quoted: 1. If this is so clear, why doesn't every market analyst who does this for a living agree with you? 2. In 2010-2011, we had a LOT of Arfcom experts saying the same thing, all during the market bull run. Considering I put a bunch of money into the market in 2012. I’m fine. But seeing the writing on the wall for the obvious recession, why fight the Fed especially since they are telling everyone what they are doing? Is it going to be doooooommmmm? No. We are overdue for a recession, cycles exist and always have. it was delayed because of COVID. But all that money injection and artificial low rate means a bigger cut on the way down. Bring it on. Pain must flow. Re-shoring and regionalization needs inflation down so investment can occur healthily. Lots of folks are banking on a repeat. Attached File |
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Quoted: Lots of folks are banking on a repeat. https://www.ar15.com/media/mediaFiles/200878/47D31667-08A2-408C-90CB-B02685A92F0E_png-2525095.JPG View Quote QT1 QT2 QT3 Is going to make for an interesting graph. |
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Quoted: QT1 QT2 QT3 Is going to make for an interesting graph. View Quote View All Quotes View All Quotes Quoted: Quoted: Lots of folks are banking on a repeat. https://www.ar15.com/media/mediaFiles/200878/47D31667-08A2-408C-90CB-B02685A92F0E_png-2525095.JPG QT1 QT2 QT3 Is going to make for an interesting graph. Attached File |
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Quoted: Lol! Still 10% higher than tested low in June. View Quote Honest question. Will you let us know when you start selling? I understand you ethos “keep buying, you will always make money in the long run”. There will be a lot of “value” from all these great deals we are about see? What runs out first, your convictions or your funds? Ate lunch with a very very smart guy recently that turned $17 million fortune into a $3 million mini-fortune in a few years. He was doing nothing obviously crazy or reckless (crypto etc). He had real deal certified financial advisors and professionals involved (big part of the problem). Think it can’t happen?? |
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Quoted: Honest question. Will you let us know when you start selling? I understand you ethos “keep buying, you will always make money in the long run”. There will be a lot of “value” from all these great deals we are about see? What runs out first, your convictions or your funds? Ate lunch with a very very smart guy recently that turned $17 million fortune into a $3 million mini-fortune in a few years. He was doing nothing obviously crazy or reckless (crypto etc). He had real deal certified financial advisors and professionals involved (big part of the problem). Think it can’t happen?? View Quote If he lost over 80% of his "fortune" through poor investing I'd argue he was crazy, reckless and not very very smart. |
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Quoted: If he lost over 80% of his "fortune" through poor investing I'd argue he was crazy, reckless and not very very smart. View Quote View All Quotes View All Quotes Quoted: Quoted: Honest question. Will you let us know when you start selling? I understand you ethos “keep buying, you will always make money in the long run”. There will be a lot of “value” from all these great deals we are about see? What runs out first, your convictions or your funds? Ate lunch with a very very smart guy recently that turned $17 million fortune into a $3 million mini-fortune in a few years. He was doing nothing obviously crazy or reckless (crypto etc). He had real deal certified financial advisors and professionals involved (big part of the problem). Think it can’t happen?? If he lost over 80% of his "fortune" through poor investing I'd argue he was crazy, reckless and not very very smart. A lot of VERY smart people make foolish mistakes in the market. But without question - he was doing things that were VERY high risk, and this was either his intention, or he was crazy and reckless. |
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Quoted: https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/?sh=446589b6630a https://www.wsj.com/articles/SB991681622136214659 View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: stonk market is like a casino - rigged change my mind They did a study with monkeys who picked winning stocks over general day traders. It's definitely rigged. Build wealth, not get rich quick schemes. Pretty sure no such study has ever been conducted. I'd love to get a link to it though. https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/?sh=446589b6630a https://www.wsj.com/articles/SB991681622136214659 Here's the meat: https://thereformedbroker.com/wp-content/uploads/2014/11/jpm_summer2013_rallc.pdf |
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Originally Posted By : A lot of VERY smart people make foolish mistakes in the market. But without question - he was doing things that were VERY high risk, and this was either his intention, or he was crazy and reckless. View Quote So by that logic, public or private companies full of bunches of very smart people they have lost 90% of market cap (PTON or take your pick) or companies that have lost 100%+ of their investment are also reckless and crazy. Very possibly. I am not denying this possibility whatsoever. Is an investor that has purchased equities in a well regarded company that has gone bust considered reckless and foolish? If so, we are all reckless and foolish, even though that investment may only amount to a small portion of your portfolio. I may have just answered my own question. |
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Quoted: So by that logic, public or private companies full of bunches of very smart people they have lost 90% of market cap (PTON or take your pick) or companies that have lost 100%+ of their investment are also reckless and crazy. Very possibly. I am not denying this possibility whatsoever. Is an investor that has purchased equities in a well regarded company that has gone bust considered reckless and foolish? If so, we are all reckless and foolish, even though that investment may only amount to a small portion of your portfolio. I may have just answered my own question. View Quote They call equities a risk asset for a reason. There are risks that can be managed and hedged, but at the end of the day we are all exposed to risks no matter how smart we think we are. |
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Quoted: Honest question. Will you let us know when you start selling? I understand you ethos “keep buying, you will always make money in the long run”. There will be a lot of “value” from all these great deals we are about see? What runs out first, your convictions or your funds? Ate lunch with a very very smart guy recently that turned $17 million fortune into a $3 million mini-fortune in a few years. He was doing nothing obviously crazy or reckless (crypto etc). He had real deal certified financial advisors and professionals involved (big part of the problem). Think it can’t happen?? View Quote View All Quotes View All Quotes Quoted: Quoted: Lol! Still 10% higher than tested low in June. Honest question. Will you let us know when you start selling? I understand you ethos “keep buying, you will always make money in the long run”. There will be a lot of “value” from all these great deals we are about see? What runs out first, your convictions or your funds? Ate lunch with a very very smart guy recently that turned $17 million fortune into a $3 million mini-fortune in a few years. He was doing nothing obviously crazy or reckless (crypto etc). He had real deal certified financial advisors and professionals involved (big part of the problem). Think it can’t happen?? Honest answer? When will I start selling? About 5 years from now. When I actually need an income from not working. Still working, still investing more than 50% of our income. That’s right. My wife’s pension is still buying as income. Wife already retired at 50. My financial plan based on our income needs is I stop working at age 55. Our plan has us bringing in more income than when we were working. That’s been the plan all along. |
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Quoted: Lower stock prices are good for investors provided you do this one trick nobody wants you to know. Just keep buying no matter what market does, long term will have massive gains. View Quote View All Quotes View All Quotes Quoted: Quoted: Follow this one simple rule for investing success... Click To View Spoiler Don’t fight the Fed. Lower stock prices are good for investors provided you do this one trick nobody wants you to know. Just keep buying no matter what market does, long term will have massive gains. Now thats not exactly correct. Yes, history proves the markets go up over time, but a huge downturn and years of mediocre going cuts into long term “massive” gains. So we could be in for a few years of not so good markets results, then a slow rise pout of that. Before you know it 10 years has passed with modest gains. Then you need lightning in a bottle to make that up before you need to cash out. Not every 15 year span is equal. Might have to stay in a little longer to get where you want to be. |
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Quoted: Honest answer? When will I start selling? About 5 years from now. When I actually need an income from not working. Still working, still investing more than 50% of our income. That’s right. My wife’s pension is still buying as income. Wife already retired at 50. My financial plan based on our income needs is I stop working at age 55. Our plan has us bringing in more income than when we were working. That’s been the plan all along. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Lol! Still 10% higher than tested low in June. Honest question. Will you let us know when you start selling? I understand you ethos “keep buying, you will always make money in the long run”. There will be a lot of “value” from all these great deals we are about see? What runs out first, your convictions or your funds? Ate lunch with a very very smart guy recently that turned $17 million fortune into a $3 million mini-fortune in a few years. He was doing nothing obviously crazy or reckless (crypto etc). He had real deal certified financial advisors and professionals involved (big part of the problem). Think it can’t happen?? Honest answer? When will I start selling? About 5 years from now. When I actually need an income from not working. Still working, still investing more than 50% of our income. That’s right. My wife’s pension is still buying as income. Wife already retired at 50. My financial plan based on our income needs is I stop working at age 55. Our plan has us bringing in more income than when we were working. That’s been the plan all along. Well worse case scenario you just keep working til 60, or 65. That is if we go through something bad. If we dont, cash out at 55. Be great if you could back up 5 years. |
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Quoted: Now thats not exactly correct. Yes, history proves the markets go up over time, but a huge downturn and years of mediocre going cuts into long term “massive” gains. So we could be in for a few years of not so good markets results, then a slow rise pout of that. Before you know it 10 years has passed with modest gains. Then you need lightning in a bottle to make that up before you need to cash out. Not every 15 year span is equal. Might have to stay in a little longer to get where you want to be. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Follow this one simple rule for investing success... Click To View Spoiler Don’t fight the Fed. Lower stock prices are good for investors provided you do this one trick nobody wants you to know. Just keep buying no matter what market does, long term will have massive gains. Now thats not exactly correct. Yes, history proves the markets go up over time, but a huge downturn and years of mediocre going cuts into long term “massive” gains. So we could be in for a few years of not so good markets results, then a slow rise pout of that. Before you know it 10 years has passed with modest gains. Then you need lightning in a bottle to make that up before you need to cash out. Not every 15 year span is equal. Might have to stay in a little longer to get where you want to be. It you have a long term financial plan, and have followed for 20+ years… I’m good. Stopping working isn’t a number. It’s income planning. You guys can keep telling me I’m doing it wrong all you want. |
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Quoted: Honest answer? When will I start selling? About 5 years from now. When I actually need an income from not working. Still working, still investing more than 50% of our income. That’s right. My wife’s pension is still buying as income. Wife already retired at 50. My financial plan based on our income needs is I stop working at age 55. Our plan has us bringing in more income than when we were working. That’s been the plan all along. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Lol! Still 10% higher than tested low in June. Honest question. Will you let us know when you start selling? I understand you ethos “keep buying, you will always make money in the long run”. There will be a lot of “value” from all these great deals we are about see? What runs out first, your convictions or your funds? Ate lunch with a very very smart guy recently that turned $17 million fortune into a $3 million mini-fortune in a few years. He was doing nothing obviously crazy or reckless (crypto etc). He had real deal certified financial advisors and professionals involved (big part of the problem). Think it can’t happen?? Honest answer? When will I start selling? About 5 years from now. When I actually need an income from not working. Still working, still investing more than 50% of our income. That’s right. My wife’s pension is still buying as income. Wife already retired at 50. My financial plan based on our income needs is I stop working at age 55. Our plan has us bringing in more income than when we were working. That’s been the plan all along. I sure hope that isn’t a Kentucky state pension you are banking on. |
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Quoted: Well worse case scenario you just keep working til 60, or 65. That is if we go through something bad. If we dont, cash out at 55. Be great if you could back up 5 years. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: Lol! Still 10% higher than tested low in June. Honest question. Will you let us know when you start selling? I understand you ethos “keep buying, you will always make money in the long run”. There will be a lot of “value” from all these great deals we are about see? What runs out first, your convictions or your funds? Ate lunch with a very very smart guy recently that turned $17 million fortune into a $3 million mini-fortune in a few years. He was doing nothing obviously crazy or reckless (crypto etc). He had real deal certified financial advisors and professionals involved (big part of the problem). Think it can’t happen?? Honest answer? When will I start selling? About 5 years from now. When I actually need an income from not working. Still working, still investing more than 50% of our income. That’s right. My wife’s pension is still buying as income. Wife already retired at 50. My financial plan based on our income needs is I stop working at age 55. Our plan has us bringing in more income than when we were working. That’s been the plan all along. Well worse case scenario you just keep working til 60, or 65. That is if we go through something bad. If we dont, cash out at 55. Be great if you could back up 5 years. I will not “cash out”. I have like 8 different accounts. All part of our financial plan. All part of long term financial and tax planning. The stocks feed the income products as I lower risk. Even in cap preservation income mode I’ll be high in US stock for growth. Because I have other sources of income. |
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Quoted: I sure hope that isn’t a Kentucky state pension you are banking on. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: Lol! Still 10% higher than tested low in June. Honest question. Will you let us know when you start selling? I understand you ethos “keep buying, you will always make money in the long run”. There will be a lot of “value” from all these great deals we are about see? What runs out first, your convictions or your funds? Ate lunch with a very very smart guy recently that turned $17 million fortune into a $3 million mini-fortune in a few years. He was doing nothing obviously crazy or reckless (crypto etc). He had real deal certified financial advisors and professionals involved (big part of the problem). Think it can’t happen?? Honest answer? When will I start selling? About 5 years from now. When I actually need an income from not working. Still working, still investing more than 50% of our income. That’s right. My wife’s pension is still buying as income. Wife already retired at 50. My financial plan based on our income needs is I stop working at age 55. Our plan has us bringing in more income than when we were working. That’s been the plan all along. I sure hope that isn’t a Kentucky state pension you are banking on. Meh. My wife’s ky pension is bringing home x a month after tax. Covers all cashout flow and still buy. And a good portion of that pension income is still buying. But tell me I’m doing it wrong. Cashflow. How do it work. |
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Quoted: Meh. My wife’s ky pension is bringing home x a month after tax. Covers all cashout flow and still buy. And a good portion of that pension income is still buying. But tell me I’m doing it wrong. Cashflow. How do it work. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: Quoted: Lol! Still 10% higher than tested low in June. Honest question. Will you let us know when you start selling? I understand you ethos “keep buying, you will always make money in the long run”. There will be a lot of “value” from all these great deals we are about see? What runs out first, your convictions or your funds? Ate lunch with a very very smart guy recently that turned $17 million fortune into a $3 million mini-fortune in a few years. He was doing nothing obviously crazy or reckless (crypto etc). He had real deal certified financial advisors and professionals involved (big part of the problem). Think it can’t happen?? Honest answer? When will I start selling? About 5 years from now. When I actually need an income from not working. Still working, still investing more than 50% of our income. That’s right. My wife’s pension is still buying as income. Wife already retired at 50. My financial plan based on our income needs is I stop working at age 55. Our plan has us bringing in more income than when we were working. That’s been the plan all along. I sure hope that isn’t a Kentucky state pension you are banking on. Meh. My wife’s ky pension is bringing home x a month after tax. Covers all cashout flow and still buy. And a good portion of that pension income is still buying. But tell me I’m doing it wrong. Cashflow. How do it work. |
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Quoted: Meh. My wife’s ky pension is bringing home x a month after tax. Covers all cashout flow and still buy. And a good portion of that pension income is still buying. But tell me I’m doing it wrong. Cashflow. How do it work. View Quote Your wife brings in nearly $200k a year from a state pension? |
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Quoted: Your wife brings in nearly $200k a year from a state pension? View Quote View All Quotes View All Quotes Quoted: Quoted: Meh. My wife’s ky pension is bringing home x a month after tax. Covers all cashout flow and still buy. And a good portion of that pension income is still buying. But tell me I’m doing it wrong. Cashflow. How do it work. Your wife brings in nearly $200k a year from a state pension? Before tax, pretty close. I view it as getting my taxes back. But understand about 15% of her compensation went to pension fund. Her entire career. If private professionals did that they’d have similar income. Out biggest expense by far are taxes. |
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Quoted: Before tax, pretty close. I view it as getting my taxes back. But understand about 15% of her compensation went to pension fund. Her entire career. If private professionals did that they’d have similar income. Out biggest expense by far are taxes. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Meh. My wife’s ky pension is bringing home x a month after tax. Covers all cashout flow and still buy. And a good portion of that pension income is still buying. But tell me I’m doing it wrong. Cashflow. How do it work. Your wife brings in nearly $200k a year from a state pension? Before tax, pretty close. I view it as getting my taxes back. But understand about 15% of her compensation went to pension fund. Her entire career. If private professionals did that they’d have similar income. Out biggest expense by far are taxes. Attached File |
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Quoted: https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/?sh=446589b6630a https://www.wsj.com/articles/SB991681622136214659 View Quote we studied the Monkey Method in College in my Principles and Problems of Econ. we mimicked the dart game. the darts always outperformed the hand picked. |
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Quoted: Before tax, pretty close. I view it as getting my taxes back. But understand about 15% of her compensation went to pension fund. Her entire career. If private professionals did that they’d have similar income. Out biggest expense by far are taxes. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Meh. My wife’s ky pension is bringing home x a month after tax. Covers all cashout flow and still buy. And a good portion of that pension income is still buying. But tell me I’m doing it wrong. Cashflow. How do it work. Your wife brings in nearly $200k a year from a state pension? Before tax, pretty close. I view it as getting my taxes back. But understand about 15% of her compensation went to pension fund. Her entire career. If private professionals did that they’d have similar income. Out biggest expense by far are taxes. NJ has one of the best pensions in the country (not saying anything about the funding level) and their pensions don't come close to that unless you possibly early 250k to 300k as a police admin. |
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Quoted: NJ has one of the best pensions in the country (not saying anything about the funding level) and their pensions don't come close to that unless you possibly early 250k to 300k as a police admin. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: Meh. My wife’s ky pension is bringing home x a month after tax. Covers all cashout flow and still buy. And a good portion of that pension income is still buying. But tell me I’m doing it wrong. Cashflow. How do it work. Your wife brings in nearly $200k a year from a state pension? Before tax, pretty close. I view it as getting my taxes back. But understand about 15% of her compensation went to pension fund. Her entire career. If private professionals did that they’d have similar income. Out biggest expense by far are taxes. NJ has one of the best pensions in the country (not saying anything about the funding level) and their pensions don't come close to that unless you possibly early 250k to 300k as a police admin. You forget she got to cash in 100 days of sick and vacation to hit her high 3 years of earning applied for pension. This is what long term financial planning and tax planning looks like. But ok. We’re doing it wrong. Oh. And when I retire I get to get on her health insurance plan for life. That’s why age 55 is the magic number. My severe service date, hers, all play into the financial plan we’ve been working our entire careers for. |
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