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Strategies & Market Trends : Young and Older Folk Portfolio
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To: carbolady who wrote (2571)5/11/2024 10:01:17 PM
From: jvincen27 Recommendations

Recommended By
chowder
ddbpaso
IncHunter
Jacob Marley
jopapgh

and 2 more members

   of 21731
 
Kind of a double edged sword, great to get him more interested the Boss has none at all but no need to get nervous over it.

Tell him not to look at it so often, ha!

So long as you have some emergency money let the markets do their thing. Our investments have been up, down over the past few years and now up to another ATH . No CDs for us as our fixed income comes in from pensions and SS monthly, might not hurt to get one if that makes him more comfortable.

And the dividend income from our investments keeps on going higher and while the markets can ding that income a bit in one way or another in downturns even shares that fall lower usually just keep right on sending you money. Heck I waited for several years for something to show me that in real time and the pandemic came along and did just that. And the cherry on top after being shown what Chowder had said many times before was true included using some of that dividend cash still coming in regularly to buy even more income and future cap gains that were on sale.

We don't eat our dividends, not yet anyways and with RMDs pushed back a few times that hasn't come along yet either. When they do I still plan transfers in kind to my taxable account or just spending the heck out some of it :)


Knew the other place at SA wouldn't be for me, some like it but I won't be there. We dealt with that type of place and comments before way back and my time is to precious to spend any of it there skipping over dozens of comments.
Vince

Keep encouraging him to stay informed and lets hope my one prediction about IRs comes true because then you can remind him why you don't try to time the markets.
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