Posted by W_B on January 20, 2016 at 05:08:38 from (155.188.123.25):
In Reply to: Stock market posted by 37Chief on January 15, 2016 at 12:28:10:
Quoting Removed, click Modern View to see
...and you missed out on 7 yrs of growth!
I'm in for the long haul so I'm using a model in my 401k investments, gets more conservative as you get older but still has a lot in the market. Yes, it is down right now but will go back up, it always has. My MIL got panicked by a big crash several years ago ('95 maybe?) and ask me is she should move everything to money market accounts. I told her NO! By moving it you lock in the loss. The market recovered and in a short time she not only got back the loss but was in the market when it shot up. She ended up with a comfortable retirement nest egg. She squandered part of it on a motorhome that she can't afford to make payments on now with the passing of the FIL, but that's a different life lesson that she never consulted me about.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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