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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (1037819)11/10/2017 8:16:15 AM
From: Rarebird  Read Replies (1) of 1574091
 
I am trying to understand your logic here and want to get all the facts on the table. First of all you are "rich" by your own admission. Secondly, you tell me you only need to earn "2% per year" to maintain your life style. Thirdly, you are giving me all these "bubble" arguments where you think the market can fall 50%-60% and you plan on investing 1/7 of your money after each 10% decline. Fourthly, you are currently 20% invested in stocks.

I am a bit confused. I don't understand why such a "rich" person like yourself who only needs to earn 2% per year to maintain his life style would even take the risk of averaging into the stock market on each 10% decline? Why not buy a US bond and lock in a 2% gain for the rest of your life to maintain your life style?

I can only conclude that you are either a dumb shit, financially speaking, or you like to talk for the sake of talking and are a farce and liar.
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