Young and Older Folk Portfolio Message Board

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Strategies & Market Trends : Young and Older Folk Portfolio

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To: carbolady who wrote (2401)	5/8/2024 9:54:49 AM
From: DoctorRicky	3 Recommendations Recommended By Gordon Gekko 23 HC Builder Tam3262 Read Replies (2) of 21802

There are several factors to consider: what is your age and life expectancy; are you diversified with other investments such as bonds, CD’s, rental income, etc.,; and my favorite the sleep well at night rule of investments. I am still in the wealth accumulation versus the wealth distribution stage - meaning I save more than I spend. If your yearly income depends on withdrawals from savings it might be better to reduce risk. In the long run stocks have been a great investment but over a three year period it can go down a lot. Finally, I love the “sleep well at night “ axiom of Suze Orman. If you are anxious about money and fret about the stock market take some or all of it out. There is no point in ruining your mental health over investment choices. Most importantly you should educate yourself more about financial literacy and have an equal voice with your husband. The sad story is that most wives outlive their husbands and it would be better for you to learn this now rather than after he has passed and you are in mourning.

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