Posted by Texasmark1 on January 01, 2015 at 05:22:46 from (99.197.214.247):
In Reply to: Investments 2014 posted by MarkB_MI on January 01, 2015 at 04:46:41:
The rest of the story is where are you in your life cycle?
If retired, you (I) can't afford the risk of the gamble. I can't wait for "the long haul". Reading what the market and all those things have done is hind sight and always 20-20 or better.
The future is yet to be determined and you know not what snake in the grass is out there to get you. Lots of people and things working to get your money.
As I said before, if you loose 50% of your holdings gambling and investments of any kind are just that, it takes a 100% gain just to replace what you lost and then start talking about some gain. Where you going to find a legitimate game to give you that kind of return in any kind of a reasonable time span?
So, since I am retired and do use some of what I stashed away, I put it in low yield, "no risk no gain" paper that supports my lifestyle and sleep comfortably at night. Name of the game is to not run out before your life does......is for me anyway.
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