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In reply to the discussion: I've lost 30% [View all]

PoindexterOglethorpe

(25,839 posts)
30. Over time, the Dow gains 10%. Sometimes more, sometimes less, sometimes a negative number.
Fri Sep 23, 2022, 03:40 AM
Sep 2022

Two out of three years the Dow goes up. Investing and hanging in there is the best plan.

My advisor is wonderful. He is politically far more conservative than I am, but we tend to avoid such conversations. He explains his investing strategies in appropriate detail. He makes sure we speak at least four times a year, and sometimes more often. He doesn't want me to be left behind, not understanding what is going on with the investments.

I am very happy with what he's done for me. One thing is that about a decade ago he got me into two annuities. I know that annuities are generally trashed here on DU, but trust me, they can be wonderful. As mine have been. About two years ago I started taking payouts from them. The payouts are guaranteed money. One annuity has actually upped its payout twice in the past two years, because the basis has increased, hence the increased payout. Not a lot of money, but still nice.

The other investments through him are such that while on the up side I may not go as high, the down side is much lower than the Dow itself. Which is very reassuring. The end result is that I have a stable income, and stable investments. I am very fortunate to have this man as my investment advisor.

I've lost 30% [View all] zipplewrath Sep 2022 OP
I lost a lot too but then I look at what my house is going for and it's kind of Maraya1969 Sep 2022 #1
Yes, a society is judged on how they treat the less fortunate among us Walleye Sep 2022 #2
I also know the market can go up True Blue American Sep 2022 #12
I have learned not to panic over the stock market. Walleye Sep 2022 #13
Republicans are threatening to gut it all if they win. True Blue American Sep 2022 #20
Last year I gained about 10% viva la Sep 2022 #3
I have posted before: ret5hd Sep 2022 #4
I have always been told maxrandb Sep 2022 #5
Exactly. nt TeamProg Sep 2022 #7
Until you hit age 70 and a half, soldierant Sep 2022 #27
30% ?! Yikes. Something is wrong. If you invested any time before the last two years you should TeamProg Sep 2022 #6
This zipplewrath Sep 2022 #11
The Dow topped at 36,000 edhopper Sep 2022 #24
Agrressively invested zipplewrath Sep 2022 #29
I see edhopper Sep 2022 #34
Much like the opposite. True Blue American Sep 2022 #15
The value of my investments are probably down 20% too. But since I haven't sold them I doc03 Sep 2022 #8
I understand. PoindexterOglethorpe Sep 2022 #9
We always looked forward to that max out time. As if you got a raise. True Blue American Sep 2022 #18
Over time, the Dow gains 10%. Sometimes more, sometimes less, sometimes a negative number. PoindexterOglethorpe Sep 2022 #30
I just left Spectrum True Blue American Sep 2022 #31
Good post. Got out when Orange Chosen One was threatening "fire and fury". It's legalized gambling Evolve Dammit Sep 2022 #10
No, it is not "gambling".... brooklynite Sep 2022 #17
I think 1929 would dispute that Evolve Dammit Sep 2022 #38
I lost nothing. You only lose if you have to sell at a loss JohnSJ Sep 2022 #14
I watched many get scared True Blue American Sep 2022 #19
A good number of people panic and do that. Some have to because they need the money JohnSJ Sep 2022 #22
I have too, BUT... brooklynite Sep 2022 #16
Now in my 70s and find that I'm multigraincracker Sep 2022 #21
I am in the same place as you are. llmart Sep 2022 #25
Your edhopper Sep 2022 #23
My portfolio is down 17% over the last 2years. That just means prices are going down before the next Bucky Sep 2022 #26
"Trickle up" is actually called the multiplier effect Warpy Sep 2022 #28
If you do not have the money, do not buy. True Blue American Sep 2022 #32
Oh, hell, just invest in a paperback cookbook and learn how to cook Warpy Sep 2022 #36
I have done scratch cooking True Blue American Sep 2022 #39
My own mother hated cooking and it showed Warpy Sep 2022 #40
Sorry my post was messed up. True Blue American Sep 2022 #42
speculation is speculation because its speculative. if you invest, invest long term & leave it alone FreepFryer Sep 2022 #33
I've lost nothing Johnny2X2X Sep 2022 #35
I have been out of the market for a long time. Dysfunctional Sep 2022 #37
I just did the math, I am down 23% but RazzleCat Sep 2022 #41
Yes, sounds like a lot of profit True Blue American Sep 2022 #43
To be prepared to lose up to 50% at any given time PoindexterOglethorpe Sep 2022 #44
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