I retired at 47. Not due to being good at investing - actually pretty poor results, but I was very good at putting away up to 26% each year

How do you know you have enough? Do you have enough for nursing care?

For me it was easier - I have an 80K pension from 28+ years in the USAF, but it was one of the hardest decisions of my life. Biggest motivation to retire was being diagnosed with early onset parkinsons. The removal of work (stress) has greatly improved that situation and am still chuggin along fine. As far as health care - govt is suppose to take care of that. I also have a 60% disability that gives me priority to get in a VA home when the time comes.

Also my wife is still working until the house is paid off this year. Paid that off in 6 years - all part of the plan to "think" you are secure financially.

That is a great pension. You must be in the old CSRS. Unfortunately I am in FERS and still have 6 years to get to 30 yrs full retirement and a approximately 30% pension.

Active duty

I just started researching stocks over the summer. Doing pretty good with a few cannabis companies and now I'm reading a lot about cryptos. Who knew that we could have made a killing in bitcoin with a $500 investment in 2011

That is really good plus social security when you hit that age. Enjoy.

A lot of people, apparently. But they had to have faith during a lot of lean years. Heck the 2K more I bought a few weeks ago is up over 50%.

I know. It's insane. Projected to hit 100k a coin this year no?

That's the only reason I bought more. My friend that's a pinball collector has 10 coins from mining it back in the day, he's pretty excited and is holding. He was joking about his hundred thousand dollar pair of socks he has that he bought for 3 bitcoins back in the day when they were worth $4 each. Ha ha ha!

Wow good for him....and you.

Off topic but some areas of Eastern Europe still have a lot of room for growth in real estate. I had one go up about 2000% in less than 10 years.

Cyber security gonna be a HUGE focus of Govt and BIg Biz in 2021

OKTA, PANW, and CRWD

We won't be paying for it. The next generations will have to foot the bill...which now that I'm 50 - I say spend more!

And the debts racked up the prior 8 yrs amounted to more than all admins combined in history.

This new admin will put em all to shame if they can. And the markets will react accordingly short term.

Spend baby spend! Juice the markets. The debt reckoning will hit hard 4-6 yrs with much higher interest rates and the world rushing to devalue their currencies

Selective memory DC? I agree that money needs to go to Vaccine distro and production like Manchin said

Speaking of selective memory

For our $$$, our kids and our future grandkids we need to decide what to do and how to set up for the next for years.

It’s crucial. In other words what is coming NEXT!

SS won’t be there for our kids and GKs most likely

Who is going to pay for it?

And/or they are going to tax the F out of it if you have any wealth whatsoever

Two words. ROTH CONVERSION. ASAP

I'm expecting default at some point when the world decides not to keep buying debt they are losing money on.

Didn't we just prove the last 4 years that debt means nothing? Just keep milking it. We don't care about anything but egos and wallets right now. With the right threats you can get the fed to do whatever you want.

It’s gonna be a race to the bottom Weir.

Not kidding. Countries will have to pay their debt back in “cheaper currency” and inflate their way out of it. OR default

It will be a global event

We all gotta unite and come together! Beatles

What's the price target?

It isn't going anywhere. Fed can just print money to pay for it. There is not a fiscally responsible politician left in DC.

There are a handful, but they are shouted down by both parties. Once they are no longer able to pay from revenues all entitlements and all colleges become free and the other free goodies coming from the Dems, then there will be ramifications.

But F it, I'll be gone by then so let the younger generations worry about it.

Amen to that.

But the printing press can’t run forever

Especially if China and rest of the world won’t or don’t buy our debt in the future

10yr treasury and interest on debt as a % of GDP is NOT sustainable

Gotta pay attention and think long term

I thought the majority of debt (bonds) were owned by Americans?

"The public holds over $21 trillion, or almost 78%, of the national debt."

https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124

Ya I'm in my mid 30's you old farts. Lets not increase the money printer any more than it already has. Been trying to invest ever since I left college, but like most had huge debt to pay off first. Only really seen that snowball start to move the last few years.

So ya I am worried as hell about inflation. Looking for anyway to protect the buying power of the savings I have now. Seems to me the Market is the only possible way. But I'm no day trader, just buy and hold.

If there are any recommendations I am all ears.

Buy and Hold for Long term

Buy more when it goes on sale

Understand Power of Compounding. And you are good

Btw, thx for working and funding my SS!

Don’t need it. And don’t count it in retirement

What are some good ETFs to get into?

Check out all the different Ark ETF’s, my personal favorite ARKG

Basically, people need to wake up and think.

Low cost ETF's like Vanguard if you can't pick individual stocks for the long term

Feeling sad I just learned about all these “blank check” merger companies. I was following BMTX before they acquired BankMobile when they were Megalith but I was a novice and didn’t understand what these companies did. I’m sure whatever PSTH acquires is gonna be good. Isn’t Stripe the payment processor that Robin uses for Pinside?

Still developing...breaking news.
Boeing 737-500 from Indonesia has gone missing 45 minutes into flight.
This cant be good for Boeing and about 20 related stocks this week.

ARKW

But a really old plane right? 26 years old or thereabouts from what I remember reading?

Be careful with Crypto. I got into ETH like 3 yrs ago. Bought..enough. The year it rocketed..similar to this. Was up to about 1100 / 1200 a coin. Then it started to slip. "Oh it wont go under 1000, it's just a correction". Then ..it kept dipping. Long story short - i sold it for a 1500 loss after holding it for 2 yrs because i wanted to get into a vaccine stock (thank god - made a killing and got more than my money back). I work in IT. Yes - it's a borderless/countryless, non tied, inflation proof (in theory - however it does seem to move with precious metals counter to the market I've noticed over the years) currency. But - it moves literally based on nothing. Supply demand a bit, some people with enough to manipulate the price. Easy to make money, but no indicators when you'll make it, or more importantly when you'll lose it. If it were me at this point..I'd day/week trade the shit outta it. Its foolish IMO to long hold crypto.

Correct- i dont think that old but not the Max.
However, all these went thru upgrades both in parts and software over past 3 years.
Saddened for the lose of life here, very unfortunate. Details of how it crashed will be key.

Like most of SPAC pre-merger it is all speculation and hype based on mgmt team confidence. Stripe has been talked a lot but also flat out deniend by their CEO so it could be them or it could be something else (Bloomberg often comes up too)?

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I'm a big fan of DRIV right now, it includes Tesla, Nio and some other stocks that have been going up a lot.

https://www.forbes.com/sites/lawrencelight/2017/06/19/why-the-stock-market-can-triple-by-2026/?sh=82adfb977f08
Thought the 17 year cycle from this was interesting

I am good also. At 49 I am part of the generation that currently doesn’t exist - Gen X. Articles constantly came out when I was younger “don’t rely on Social Security when you get older!” I took the message to heart and planned around this thinking.

SS needs to be disrupted and rewritten.

There are already plans for that...LOL!

When Ackman fails he fails hard. With Herbalife and Valeant notably.

Buying a company isn’t like shorting the market during the Coronavirus which was a great trade but he also made outrageous claims like Hilton and Marriot were going to zero

Stripe is already valued over $100 Billion

No fees or incentives in this deal is a good thing and is prob the only Spac I would consider if it wasn’t for the current price you are paying $29 for a $20 CASH position + speculation

Original CASH price was $20 in August

The juice is already built in and I don’t particularly like the timing, especially beyond 2021

Anyone invest with robin hood? My account seems to be blank all my stocks are there, but invest are that shows money and buying power is literally a blank screen

Try logging out and log back in. If you Always stay logged in and just use your pass code for access it can get wonky

did that. restarted phone. re downloaded app. Nothing works. cant even see my bank info or take out money