Congratulations! I think that was your best video yet. You explained, in an understandable way, that many factors are at play in the stock market. I call it tectonic economic forces. I'm 60 and retired (accounting major), with 100% stock index funds & 0% bonds.
Started full-time employment in 1975 and bought my first house in 1980. Recall stagflation very well. Just one more challenge to analyze, plan for and hopefully overcome. Thank you for the excellent content!
You’ve done an excellent job articulating why it’s not a good idea to get out of the market when times are tough. Leave the portfolio alone to recover during tough times and use the rainy day fund to wait things out.
I think you're right, Jim. I'm retired and I keep 3 years of living expenses in cash at the bank. The rest is split around 70/30 in stock mutual funds and ETFs as well as bond type funds, balanced funds. The fund distributions keep the 3 year bucket full. The rest is reinvested. Having lived through the 70's, what we are seeing now has nothing to do with what I see now. The growth of business is amazing. In the 70's not much was growing.
His last point was excellent. Not only is what he said true, very often those best days follow very quickly on the worst days.
Congratulations! I think that was your best video yet. You explained, in an understandable way, that many factors are at play in the stock market. I call it tectonic economic forces. I'm 60 and retired (accounting major), with 100% stock index funds & 0% bonds.
Thanks Larry!
Started full-time employment in 1975 and bought my first house in 1980. Recall stagflation very well. Just one more challenge to analyze, plan for and hopefully overcome.
Thank you for the excellent content!
You’re welcome!
You’ve done an excellent job articulating why it’s not a good idea to get out of the market when times are tough. Leave the portfolio alone to recover during tough times and use the rainy day fund to wait things out.
Thanks, Dan.
I think you're right, Jim. I'm retired and I keep 3 years of living expenses in cash at the bank. The rest is split around 70/30 in stock mutual funds and ETFs as well as bond type funds, balanced funds. The fund distributions keep the 3 year bucket full. The rest is reinvested. Having lived through the 70's, what we are seeing now has nothing to do with what I see now. The growth of business is amazing. In the 70's not much was growing.
Excellent explanation.
Thank you for helping us keep perspective. Excellent video.
You're welcome!
Could you do a video on esops. I would love to know what I should do with quite a bit of money in my esop program for my company. Thanks
Great video!
Thanks!