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Re: THE DOW
[Re: Turtledale]
#8563422
8 hours ago
8 hours ago
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Joined: Sep 2023
MO
Crappiekiller
trapper
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trapper
Joined: Sep 2023
MO
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It amazes me how many people don’t take advantage of employers match to a 401k.
This was one thing I drilled into my kids when they started working as adults. If they invest as heavy as they can now, they could potentially retire in their 50’s.
CK
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Re: THE DOW
[Re: spjones]
#8563448
8 hours ago
8 hours ago
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Joined: Mar 2007
McGrath, AK
white17

"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
McGrath, AK
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Options and leverage is where it starts to cross over into “casino” territory,,,,,,
As in most things it all depends on what you try to do with them. Options can be far more conservative and safer than a simple stock purchase. A very valuable tool to have in your box........IMO
Mean As Nails
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Re: THE DOW
[Re: Turtledale]
#8563467
7 hours ago
7 hours ago
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Joined: Dec 2010
Wisconsin
Green Bay
trapper
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trapper
Joined: Dec 2010
Wisconsin
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Diversify your holdings and invest early in your career and contribute to your future with every paycheck. Live below your means. One of the great things about America is that everyone has the opportunity to be part of the economy. Very possible to be a multi millionaire on an average salary.
Author of The Lure Hunter: A Guide to Finding Fishing Lures
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Re: THE DOW
[Re: white17]
#8563506
6 hours ago
6 hours ago
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Joined: Feb 2011
alberta
spjones
trapper
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trapper
Joined: Feb 2011
alberta
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Options and leverage is where it starts to cross over into “casino” territory,,,,,,
As in most things it all depends on what you try to do with them. Options can be far more conservative and safer than a simple stock purchase. A very valuable tool to have in your box........IMO Forsure,,,, a third party comes into play,,,, much like the “house” at a casino That’s why we see cascading sell offs and short squeezes etc
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Re: THE DOW
[Re: Crappiekiller]
#8563563
3 hours ago
3 hours ago
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Joined: Mar 2023
WI
WI Outdoors
trapper
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trapper
Joined: Mar 2023
WI
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It amazes me how many people don’t take advantage of employers match to a 401k.
This was one thing I drilled into my kids when they started working as adults. If they invest as heavy as they can now, they could potentially retire in their 50’s. You can't touch 401 till your 59 1/2 in most cases. I guess that's the 50's. Lol
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Re: THE DOW
[Re: WI Outdoors]
#8563573
3 hours ago
3 hours ago
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Joined: Nov 2012
midland, michigan
midlander
trapper
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trapper
Joined: Nov 2012
midland, michigan
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It amazes me how many people don’t take advantage of employers match to a 401k.
This was one thing I drilled into my kids when they started working as adults. If they invest as heavy as they can now, they could potentially retire in their 50’s. You can't touch 401 till your 59 1/2 in most cases. I guess that's the 50's. Lol Rule of 55 or 72 (t) will get most people access to their 401k well before 59 1/2 without penalties...
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Re: THE DOW
[Re: WI Outdoors]
#8563574
3 hours ago
3 hours ago
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Joined: Sep 2010
NC, Person Co.
QuietButDeadly
trapper
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trapper
Joined: Sep 2010
NC, Person Co.
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It amazes me how many people don’t take advantage of employers match to a 401k.
This was one thing I drilled into my kids when they started working as adults. If they invest as heavy as they can now, they could potentially retire in their 50’s. You can't touch 401 till your 59 1/2 in most cases. I guess that's the 50's. Lol You can get it before 59 1/2 but you pay a heavy penalty to do so.
Life Member: NCTA, VTA, NTA, TTFHA, MFTI Member: FTA
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Re: THE DOW
[Re: WI Outdoors]
#8563613
1 hour ago
1 hour ago
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Joined: Sep 2010
NC, Person Co.
QuietButDeadly
trapper
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trapper
Joined: Sep 2010
NC, Person Co.
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Not all cases QuietButDeadly. I am sure there are probably all kinds of rules and exceptions with all the different plans out there but I have seen it done.
Life Member: NCTA, VTA, NTA, TTFHA, MFTI Member: FTA
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Re: THE DOW
[Re: Rye]
#8563626
58 minutes ago
58 minutes ago
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Joined: Dec 2007
40 years Alaska, now back to O...
alaska viking
"Made it two years not being censored"
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"Made it two years not being censored"
Joined: Dec 2007
40 years Alaska, now back to O...
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There are many books out there on investing, and some are very good. I have read quite a few, and some are very good, others, well, not so much. I would recommend a new book written by Jim Cramer called "How To Make Money In Any Market". For those new to stock investing, it is very good at explaining the words and phrases used on wall Street, what P/E means and how to use it, what to look for in various sectors, and probably most important, how to DO YOUR HOMEWORK. That is crucial to understanding your investment. Unlike simply checking boxes for your 401K employers offering, you can learn about individual companies, industries, and more. This book explains very well how to invest knowledgably. Don't be afraid to own stock. Just be smart about it, and understand that while the "Market" often doesn't make sense, it eventually corrects its mistakes, and with a sound investment strategy, and time, you will make money. You mean the same Jim Cramer that has a inverse ETF that does the opposite of what he calls for on his show daily ? I am not recommending anyone buy whatever he talks about on his show. I AM suggesting it is a very good book to read, especially for those who want to understand the real workings of the market, what the vernacular means, and how to research companies.
Last edited by alaska viking; 58 minutes ago.
Just doing what I want now.
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