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Re: Stock Market-When will it peak?
[Re: white17]
#6730653
01/16/20 12:09 AM
01/16/20 12:09 AM
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Mark June
Unregistered
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Mark June
Unregistered
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At my age pf 72 we are quite a bit higher in percentage of our investments in securities than into more fixed investments. We have established some guidelines as to when we should move assets into more secure investments. We are comfortable for ourselves now we need to determine how much we may want to pass on or to buy into other assets for the next generations. Another issue that arises during these times of rapid growth is about 13 years ago when I retired the first time we started to shift funds based on a predetermined balance or percent of our investments in safer versus riskier investments. When the market rises as fast as this has since 2009 one needs to either change the percentage or shift investments frequently. Some places have an automatic re-balancing program, but we chose not to do that. Yes it is fun while it lasts. We put a designated amount away for our 3 granddaughters for college and those funds are in more growth oriented investments and they have really grown since 2009. Two are 13 and one i 9 so they have benefited from the last 10 years of growth.
Bryce I did the same for my granddaughters. 14.15 & 7. . My motivation was to help with college costs if they choose that, but also to introduce them at an early age, to the wonders of the market. Donna and I did the same for all of our 11 grandchildren. There are no incentives for kids today to enjoy the vast array of gifts they get from every angle 12 months a year for very long... so mimi and papa opened custodial accounts with TDA that all can access at age 21. Not prior per our instructions. Statements get mailed to their moms and dads (our kids) and thus the 2-12 years olds now own pieces of companies. We went with an S&P fund so it'll just track with the markets, and we inject funds for b/day and Christmas gifts all together in one sum, once per year. We started it two years ago and it's been fun! Mark
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Re: Stock Market-When will it peak?
[Re: 160user]
#6731142
01/16/20 01:09 PM
01/16/20 01:09 PM
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Joined: Jan 2008
Posts: 3,016 USA MN
Snowpa
trapper
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trapper
Joined: Jan 2008
Posts: 3,016
USA MN
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Impeachment can and will tank the market due to high sell off
Never Confuse Stupid With Crazy
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