| too old and scared to invest in stocks! |
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huntu
New Member
Cash: $ 0.90
Posts: 4
Joined: 06 Sep 2009
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| too old and scared to invest in stocks! |
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yo got 145k in g fund paying 3% i've got 25 yrs same co.
got i63 k in bank savings 1%
I dont feel its good at my age to start now with c fund common stock index, or i or s funds
I,m 58 years old and feel too old to invest
maybe paying mortgage off at 5.75% 30 year
balance left 119k mightmbe good move?
I could interfund transfer 10 g's to c fund but then would need to let it ride for at least a year or more.
I'm hesitant.
Isn't this wise or foolish???
wat you guys doing or think about this.
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Thu Sep 10, 2009 8:05 am |
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coaster
Senior Advisor
Cash: $ 1314.40
Posts: 6474
Joined: 11 Oct 2005
Location: Wisconsin
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I'm about the same age. This is going to sound really depressing, but there's an awful lot of people in the same boat:
at this point there's not a d*** thing you can do to assure you have enough to retire on
Those decisions should have been made and action started 25 or 30 years ago.
Sorry.
At this point, capital preservation is probably what you'll feel most comfortable with.
~Tim~
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Thu Sep 10, 2009 9:22 pm |
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danielg
Member
Cash: $ 3.20
Posts: 16
Joined: 01 Sep 2009
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Is the rental market strong in your area? Would a rental property make any sense? I am admittedly very far from retirement and know very little about real estate (I am still myself a renter), but I figured I would put it out there and see what people thought, both for the original poster and for my own edification.
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Fri Sep 11, 2009 1:24 pm |
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iwillguide
Preferred Member
Cash: $ 31.20
Posts: 155
Joined: 09 Jun 2009
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| hi |
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i dont advise you to invest in stocks at this old age ...you put in bank and you get some interest to lead a peaceful life ..plz dont risk your money now for safe future.
payday loan sites | real payday loans
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Mon Dec 21, 2009 9:57 am |
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No-Brainer
Senior Member
Cash: $ 66.65
Posts: 907
Joined: 29 Dec 2005
Location: Oregon USA
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What saved my bacon was to buy the building I ran my small business out of and lease it to my own company. That way the company paid for it and when I retired, the sale brought in an extra $1,000 a month to go with my SSI income. I did go through about 8 months with no income from it while it went through foreclosure, but it's sold again and we are back in the chips. Add the money I make online and we live a pretty sweet lifestyle.
US Click Ads
Pathway to Income
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Mon Dec 21, 2009 12:22 pm |
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No-Brainer
Senior Member
Cash: $ 66.65
Posts: 907
Joined: 29 Dec 2005
Location: Oregon USA
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quote:
Originally posted by britneybrooks
A newsletter that will guide you to your ultimate success in terms of stock picks.
[edit url removed]
Reading a newsletter on stocks from a spammer is the fastest way I can think of to go broke.
In later years there is ZERO chance of recovery if you take a loss, so in my opinion the best thing you can do is work on skills to produce cash flow and forget building assets, after all that's what you live on.
US Click Ads
Pathway to Income
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Tue Mar 02, 2010 3:08 pm |
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xtaaxt
New Poster
Cash: $ 0.40
Posts: 2
Joined: 03 Jun 2010
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I agree with the above, no reading such useless letters.
lion dance dragon dance
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Thu Jun 03, 2010 2:54 am |
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