I would buy as many shares of the MSCI World ETF as i could. Finally i start to make money as an reals estate agent but i save everything, because i dont know how many taxes (germany) i have to pay. Maybe you remember this time in your life Graham ;) Also i think about the future and how i want to invest. Maybe i do it like you and buy my first rental with cash. Would you do it again how you did it back then or would you rather use a bank loan?
Wondering how others are investing who are nearing retirement. I’m only 10% invested but will buy more index funds if/when S&P hits 3500 again, then 3200, then 3000, etc. Another 5-10% each leg down but won’t exceed 50% in market. Will also have pension… what’s everyone else doing?
I am staying the course. I am 2-1/2 years out from wrapping up my career and have left my investments in place and am continuing to contribute to them through my IRA and 401(k).
What I've done retirement-planning-wise is to have a super-sized "emergency" fund, with three years of expenses (less Social Security) in it. If, when I retire, the market is still in a funk (unlikely, but better safe than sorry) I'll start drawing that down. If the market is still down 5-1/2 years from now (really?) I'll have some tough choices to make. In my opinion (the one that counts) that's an extremely safe plan.
I tried market-timing in the past (what you're doing Susan) and regretted it every time. There just aren't good enough "Now's the moment, get back in!" signals.
For an example of something that works except when it doesn't, right now the S&P 500 is right at the point of crossing the 200 day average. Sometimes the market bounces of that moment hard, other times it cruises right through it.
I expect that, as it's done in the past, the market will swing back upwards with a vengeance, going up faster than it's come down. If you're out of the market you're missing all of that. Plus, I'm still collecting dividends (such as they are).
Great article Graham. March 20 to Dec 21 brought a lot of attention to the stock market and created a lot of new investors. Right now everyone is getting tested and learning lessons (especially if you held risky investments like you point out with NFTs). It's definitely time to get a little more frugal and mindful of expenses but more important than ever to have a plan and stick to it. I'm not changing anything as far as investing goes. I am certainly holding on to some more cash, limiting unnecessary expenses...and maybe I should cut up my amazon prime CC too 🤷♂️
Love this newsletter!! Hope you keep doing it :) the pics and jokes made it so entertaining and learned so much too! Appreciate it :) you da best!!
Thanks Jael!
GOAT Investor wildcard: Nancy Pelosi's husband.
Another great article. Thank you, Graham.
I would be curious to see a YouTube video / article about investing in franchise businesses sometime in the future if you are looking for topic ideas!
RE: Logan Paul
What is the saying: Easy come, easy go....
I would buy as many shares of the MSCI World ETF as i could. Finally i start to make money as an reals estate agent but i save everything, because i dont know how many taxes (germany) i have to pay. Maybe you remember this time in your life Graham ;) Also i think about the future and how i want to invest. Maybe i do it like you and buy my first rental with cash. Would you do it again how you did it back then or would you rather use a bank loan?
Wondering how others are investing who are nearing retirement. I’m only 10% invested but will buy more index funds if/when S&P hits 3500 again, then 3200, then 3000, etc. Another 5-10% each leg down but won’t exceed 50% in market. Will also have pension… what’s everyone else doing?
I certainly agree that the recent drop in S&P 500 will hurt folks near retirement the most.
I am staying the course. I am 2-1/2 years out from wrapping up my career and have left my investments in place and am continuing to contribute to them through my IRA and 401(k).
What I've done retirement-planning-wise is to have a super-sized "emergency" fund, with three years of expenses (less Social Security) in it. If, when I retire, the market is still in a funk (unlikely, but better safe than sorry) I'll start drawing that down. If the market is still down 5-1/2 years from now (really?) I'll have some tough choices to make. In my opinion (the one that counts) that's an extremely safe plan.
I tried market-timing in the past (what you're doing Susan) and regretted it every time. There just aren't good enough "Now's the moment, get back in!" signals.
For an example of something that works except when it doesn't, right now the S&P 500 is right at the point of crossing the 200 day average. Sometimes the market bounces of that moment hard, other times it cruises right through it.
I expect that, as it's done in the past, the market will swing back upwards with a vengeance, going up faster than it's come down. If you're out of the market you're missing all of that. Plus, I'm still collecting dividends (such as they are).
Great article Graham. March 20 to Dec 21 brought a lot of attention to the stock market and created a lot of new investors. Right now everyone is getting tested and learning lessons (especially if you held risky investments like you point out with NFTs). It's definitely time to get a little more frugal and mindful of expenses but more important than ever to have a plan and stick to it. I'm not changing anything as far as investing goes. I am certainly holding on to some more cash, limiting unnecessary expenses...and maybe I should cut up my amazon prime CC too 🤷♂️