Economy
Related: About this forumThis is How Much Money You Should Have in Stocks -- at Every Age
This is only one person's opinion. Just because I'm posting this doesn't mean I endorse it. And even if I did, how much would that be worth?
This is How Much Money You Should Have in Stocks at Every Age
Money Ian Salisbury, Money December 18, 2018
If you want a secure retirement, you cant just save. You also need to make sure your investment portfolio keeps pace with inflation. For most Americans, thats going to mean investing in the stock market, whether inside a 401(k) or at an online brokerage. But determining how much of your money to put in stocks can be tricky.
When youre young, the hardest part may simply be getting started. In your forties, its riding out the markets ups and downs without losing your cool. After you finally retire, you need to make those hard-earned savings last.
Understanding some simple investing precepts can make the job a lot easierand up your odds of success. To get started finding the right balance of stocks and bonds for you, read on.
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wasupaloopa
(4,516 posts)Nothing about living paycheck to paycheck as 70% of Americans do. Nothing about student loans or child care expenses.
Just put money away, take your disposable income and give it to some broker on Wall street. Oh and begin in your early 20's
A better idea is to get a skill that is needed for a government job and sign on at 18 getting full retirement benefits after 35 years because government jobs still have defined benefit plans.
I was lucky and got into a union working for county government. I have a pension that pays for the rest of my life.
stopbush
(24,378 posts)WTF. Most Americans have NO retirement savings, let alone a portfolio that includes stocks. And they never will.
Elitist bullshit.
Next up: what cars should you own on your way to becoming a billionaire...and how many at a time?
rownesheck
(2,343 posts)"You need at least 1 million dollars at retirement!" Fuck these people. Who do these people think they are talking too?! It certainly isn't the vast majority of us.
Farmer-Rick
(10,072 posts)Guess what age group has had over a 200% increase in bankruptcy filings? 60 and over.
What happens if you reach retirement age and stocks fall more than in the Great Depression? Do you still get to retire?