The Rokslide Stock Traders Thread

[CJohnson]

Yes, in most cases I would be better to keep that money invested and spend from the account. I am retiring early and 100% of my income will have to come from retirement savings for the next 7 years. If the market were to have a prolonged downturn say 50%, I would still have to spend from the account. This pretty much mitigates the sequence of returns risk. Also, this put my wife 100% on board with me retiring. She will work a couple more years and carry our insurance. I looked at other options like having 5 years in bonds and cash and I am sure that would work too.

It protects you from a possible downturn but also locks you in to losses from inflation right? $5k a month now probably won’t be nearly the same thing as $5k a month in 2030.

 

[Elkbelch]

It protects you from a possible downturn but also locks you in to losses from inflation right? $5k a month now probably won’t be nearly the same thing as $5k a month in 2030.

That is correct

 

[LFC911]

Good day to buy some silver and gold. Also picked up some MSFT

 

[BBob]

PR and oil companies are loving life, great day! 52 week high, long overdue!

BORR bounced off long term trendline last May @1.55. Other indicators aligned at that time as well. Up 65% as of today. It was my biggest winner during our previous run. PR was my second. Looking for take two

 

[Jesse Jaymes]

OT: How did everyone get so "good" or smart with this schitt? CPAs? BA Degrees?

Read books?

I am only seeing a snapshot of 40+ years of work and trading?

Stuff makes my head spin, but some are just really, REALLY money savvy. Above and Beyond Dave Ramsey

With a Govt retirement pension, a Thrift Savings plan and a handful of thousands in personal stocks...I am probably better than 98% of the rest of the US.

But I am nowhere close to FU money like most of you appear.

How you take that next, NEXT step?

 

[Silver Wings]

Finally got out of a nasty nat gas trade. Been stuck in it for over a year. Bought my way out a few weeks ago…but it was a much larger position than I would have liked
Today’s jump was all I needed to get the flock out!