When to Draw Social Security Retirement

[Sparko]

Sure, and I have to wonder how much of the decline in the stock market was because the MSM was talking it down the best they could, hoping for a recession prior to the election.

The old strategy of cutting off your nose to spite yourself.

So I have been thinking more about my strategy. If we do enter a recession or if a democrat does win, I will put about 70% of my current balance in some money market or bond fund. But keep using my monthly donations to buy the growth stocks because I can get them at a discount and they will eventually go up, but most of my money will be safe. What do you think?

[Cow Poke]

But still, it shows almost half of the 18-34 y.o. are against socialism. You would never know that by watching TV.

Sure, and I have to wonder how much of the decline in the stock market was because the MSM was talking it down the best they could, hoping for a recession prior to the election.

[Sparko]

No, but that's pretty much the essence... and proof that as we get older we get wiser!

HIRE AN 18 YEAR OLD --- While they still know EVERYTHING!!!

But still, it shows almost half of the 18-34 y.o. are against socialism. You would never know that by watching TV.

[Cow Poke]

This?

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No, but that's pretty much the essence... and proof that as we get older we get wiser!

HIRE AN 18 YEAR OLD --- While they still know EVERYTHING!!!

[Sparko]

I saw a recent poll where, even though the younger voters are far more open to socialism than any time in the past, older people are more set against it. Fortunately, the article pointed out, older people tend to vote en mass far more than younger people. We can only hope!

This?

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[Cow Poke]

We should have something like Rumspringa for the young people. We could send them off to a socialist country for a couple of years and they can decide whether to stay there or come back as capitalists.

Yeah, that they're "for" socialism is evidence that they don't know what it is.

[Sparko]

I saw a recent poll where, even though the younger voters are far more open to socialism than any time in the past, older people are more set against it. Fortunately, the article pointed out, older people tend to vote en mass far more than younger people. We can only hope!

We should have something like Rumspringa for the young people. We could send them off to a socialist country for a couple of years and they can decide whether to stay there or come back as capitalists.

[Cow Poke]

Looks like it is working. China seems to be backing down.

I think Trump has a vested (literally) interest in keeping the stock market going up and stopping a recession. It affects his entire fortune and family, and he is a business man first.

My biggest worry is as I said before, the election time. If Trump wins, it will continue to rise, but if one of the socialist democrats gets in, I think the market will crash out of sheer fear alone.

I saw a recent poll where, even though the younger voters are far more open to socialism than any time in the past, older people are more set against it. Fortunately, the article pointed out, older people tend to vote en mass far more than younger people. We can only hope!

[Sparko]

I kinda figured this was all just saber rattling --- Trump's own way of creating chaos in hopes of gaining some small advantage.

Looks like it is working. China seems to be backing down.

I think Trump has a vested (literally) interest in keeping the stock market going up and stopping a recession. It affects his entire fortune and family, and he is a business man first.

My biggest worry is as I said before, the election time. If Trump wins, it will continue to rise, but if one of the socialist democrats gets in, I think the market will crash out of sheer fear alone.

[Cow Poke]

U.S. stocks rise as bullish earnings, retail sales offset trade issues for now https://www.marketwatch.com/story/st...ffs-2019-08-15

China softens stance on trade after saying it has to take counter-measures to US tariffshttps://www.cnbc.com/2019/08/15/chin...s-tariffs.html


So I guess my trade yesterday wasn't a flop (yet) after all.

I kinda figured this was all just saber rattling --- Trump's own way of creating chaos in hopes of gaining some small advantage.

[Sparko]

U.S. stocks rise as bullish earnings, retail sales offset trade issues for now https://www.marketwatch.com/story/st...ffs-2019-08-15

China softens stance on trade after saying it has to take counter-measures to US tariffshttps://www.cnbc.com/2019/08/15/chin...s-tariffs.html


So I guess my trade yesterday wasn't a flop (yet) after all.

[Cow Poke]

Yes. We understand that God is in control of our finances, and if we are faithful to being good stewards of what He has provided for us, that He will continue to provide for us.

It all belongs to Him. He has never failed us, even through tough times.

In just the last couple of weeks, my (returned) prodigal daughter says she thinks she's finally "getting it" when I've been telling her for the last 20 years that her problems are "spiritual" -- including the financial ones.

[mossrose]

And I don't attribute it to luck or 'knowing the market' - I look at it more as being blessed by God for my faithfulness, even when I can be a real blockhead. He has blessed me in spite of myself.

Yes. We understand that God is in control of our finances, and if we are faithful to being good stewards of what He has provided for us, that He will continue to provide for us.

It all belongs to Him. He has never failed us, even through tough times.

[Cow Poke]

They would be where my husband and I are now. Living comfortably on retirement savings. We have a terrific financial advisor who has become a believer in the years we've known him, and he has been so good to us. A real blessing.

I have learned not to panic at any sort of stock market news, and we have always done very well with our investments.

And I don't attribute it to luck or 'knowing the market' - I look at it more as being blessed by God for my faithfulness, even when I can be a real blockhead. He has blessed me in spite of myself.

[Sparko]

I remember reading an analysis of the people who panicked in 2008/ish, and sold off as stocks were collapsing... and where they would be today if they had just hung tight. Ya just never know!

Yeah I learned my lesson during the dot com fiasco. I had a bunch of tech stock at the time, like intel and microsoft, and when everything started crashing, I waited at first but then panicked when it kept going down and sold off most of it. I kept a few shares and when it went back up I felt really dumb because if I had just hung on to it all, I would have had a lot more in my personal roth IRA acct.