"or, are envious of others having that rational discussion about that subject matter. "


Now theres the twisted notion of the day!


http://www.amazon.com/Complete-Idiots-Guide-Clear-Communication/dp/0028642074

I have invested in the market a few times. Saw money go up; saw money go down.

So I decided to invest in my talent, which is basically lying to people about how great I am, to keep selling my skills.

And the phone keeps ringing, actually FedEx keeps bringing envelopes to the house, so I am not starving.

And someday, when the phone stops ringing, I will just live off what's parked in the bank.

Am I squeezing the last dime out of my cash? Who cares! Life is too short to be all wound up about wondering if I could have done better in one way or another when I am doing OK as it is.

I gave up with certified financial planners after I saw how bad a licensed one was taking me for a ride.

I have been my own planner and I have done well.

My strategy:

Jobs with 401(k)
IRAs where possible
Multiple pensions
Be your own stock market planner
Insurance policy for the next generation

I have missed a certain number of opportunities, but I have grabbed some too.
1. The big advice: start early, go slow, do a lot of reading and keep your money in cash in the accounts until you are sure you want to invest it. Never invest all in one thing, and go for reasonable profit, don't expect windfalls over night.
2. Look at your stuff once a week. It takes ten minutes. That should tell you if you need to do more.

My ex-wife is deceased, she got her share, now no one owns my stuff but me.
I can spend it or give it away as I want.

3. Now my focus is on better health and enjoying the little pleasures along the way. I don't mean eating donuts, but driving at 55 on the country road once in a while instead of taking the freeway everywhere.

4. Where there is health, there's hope. I know sick people who can't enjoy the wealth they brag about.

After I retire, I'm going to Iceland for six months to study the language (and maybe meet someone). After all, I will be a novelty: an American who is learning Icelandic in a language where everyone already speaks English!

What a scam, lol.

I still work but that may end in two years.

__________________
Strelnik
Invest in America: Buy a Congressman!

1950 170SD
1951 Citroen 11BN
1953 Citroen 11BNF limo
1953 220a project
1959 180D
1960 190D
1960 Borgward Isabella TS 2dr
1983 240D daily driver
1983 380SL
1990 350SDL daily driver alt
3 x Citroen DS21M, down from 5
3 x Citroen 2CV, down from 6

And there is different kinds of sick for sure bud,
doing the bidding of the red dude with the horns and the pitchfork
~whilst going around insisting you are a Christian.................

what?

__________________
Jim

Not sure why that one "pensioner" CCed my post, then made no reply to it?

I guess you went off-topic, right?

Without details, the post was basically (empty) but I guess was replying to another post made here, right?

It sounded like another Gov't. employee I know - with "multiple Gov't. pensions," but still working for the Gov't.

I've analyzed numerous Gov't. employees/pensioners' investment strategies over the past 35 years. The commonality with 100% of them is that they're not really aware of timely personal investing. In 100% of the cases, they're so fixated on what the Gov't. is paying/going to be paying them for life (guaranteed) they don't make good personal investors. Certainly, not timely ones, at any rate. lol!

I have to ask, why take any risk with Gov't. investable dollars? Especially when most all your needs are being met by your (in many cases) very generous pensions? It makes no sense to me.

One Gov't. employee I know of elsewhere boasts (actually BRAGS) of 18-Gov't. pensions, is in his mid-50s, and in very poor health. He spent weeks at Bethesda trying to figure out all his maladies. Funny thing about the guy - he still works like a trooper. Goes into work every day, all the while bragging about all his Gov't. pensions.

Some things can't be explained (and never are.....) by these guys/gals on multiple Gov't. lifetime pensions in failing health. Why they entertain risking their meager Gov't. savings - is beyond me.

Personally, I grew up with one of these high-rolling lifer-Gov't. types. He's basically (almost) broke, and is fixated on personal investing, yet never has done any successfully. He's a hard bird to figure, I must admit. lol

I have seen the exact same thing.

__________________
Jim

Responses clear and concisely written above. ^^^

Yes, Barry12345's response is clear and concise, your's not so much.

__________________
CENSORED due to not family friendly words