What to do with the nest eggs

boatman37 said:
I personally don't think we are near bottom yet but that isn't a technical assessment, just more of a fundamental assessment. Like said, Biden, et al, have this country and economy so messed up right now that I could easily see another 2008 coming. Inflation is at record highs, nobody wants to work. Gov't handing out 'free' money like it grows on trees. Wife told me today she was talking to her students and asked them if they were looking for summer jobs and mentioned a few places they could look. Two of them said their parents didn't allow them to work cause their parents would lose food stamp money. Yet the one said he just got a new 50" TV for his room.
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What kind of 'free money'? Is this covid related handouts? I didn't realize they were still dishing out the financial help.
 
Blueone said:
I would suck as a teacher….. my guess punching kids is bad :)
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Back in'66 I fell asleep in one class a couple times. The teacher took me out in the hall, I was expecting to get hollered at. Instead he grabbed me, swung me around and smashed me into the lockers. He grabbed the wrong kid, as quickly as he did that I did the same to him and harder. The Principal found out something happened but neither of us got in trouble over it.

Thing is, now days that teacher might be arrested for assault or get shot going to his car at the end of the day.
 
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Woody said:
What kind of 'free money'? Is this covid related handouts? I didn't realize they were still dishing out the financial help.
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welfare? food stamps? I understand there are some that need it but most make a career of it. This administration wants to hand out even more
 
The older I get and the more wealth I build, and the more taxes I pay because of "my success" this type of crap makes me sick, Covid freebies or not. I also see how much my mom who is on a fixed income struggles (and refuses to take any freebies), yet we give phones, places to live, money and such to folks who illegally cross our borders, and tell folks they don't have to pay their rent, pay their loans back, etc.

But I digress...
 
mrsrobinson said:
The older I get and the more wealth I build, and the more taxes I pay because of "my success" this type of crap makes me sick, Covid freebies or not. I also see how much my mom who is on a fixed income struggles (and refuses to take any freebies), yet we give phones, places to live, money and such to folks who illegally cross our borders, and tell folks they don't have to pay their rent, pay their loans back, etc.

But I digress...
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And you are paying for that bullshit too
 
I use after tax dollars to invest in the stock market. I take on all the risk, I do my homework, analysis, etc. And when I sell my government gets "capital gains" that pays for all this bullshit.
 
Woody said:
Back in'66 I fell asleep in one class a couple times. The teacher took me out in the hall, I was expecting to get hollered at. Instead he grabbed me, swung me around and smashed me into the lockers. He grabbed the wrong kid, as quickly as he did that I did the same to him and harder. The Principal found out something happened but neither of us got in trouble over it.

Thing is, now days that teacher might be arrested for assault or get shot going to his car at the end of the day.
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Dang. That's nuts! Even both Catholic school standards!
 
mrsrobinson said:
And when I sell my government gets "capital gains" that pays for all this bullshit.
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This is bad enough. If Brandon gets away with enacting an UNrealized capital gains tax to fund his spending that will affect everyone before any profit or loss is accrued. A true travesty.
 
mrsrobinson said:
The older I get and the more wealth I build, and the more taxes I pay because of "my success" this type of crap makes me sick, Covid freebies or not. I also see how much my mom who is on a fixed income struggles (and refuses to take any freebies), yet we give phones, places to live, money and such to folks who illegally cross our borders, and tell folks they don't have to pay their rent, pay their loans back, etc.

But I digress...
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Our communist Prime Minister often says that "The rich should pay their fair share" in speeches about taxes on the "rich". Implying that the majority of those of us that have been successful are somehow NOT paying our fair share. We have a top marginal income tax rate in Ontario of 54% of income over $200K, and our HST on most purchases is 13%. F-U, my little communist Castro love-child. I pay WAY MORE than my fair share.
 
Creekwood said:
Our communist Prime Minister often says that "The rich should pay their fair share" in speeches about taxes on the "rich". Implying that the majority of those of us that have been successful are somehow NOT paying our fair share. We have a top marginal income tax rate in Ontario of 54% of income over $200K, and our HST on most purchases is 13%. F-U, my little communist Castro love-child. I pay WAY MORE than my fair share.
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You had a second chance to get rid of the whacko…. And you screwed up…… we need to start calling you guys California
 
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Market up 900 points today. Market goes up, market goes down.

If you got a long enough time frame it has always gone up. Problem these days is not many good short term alternatives for those close to retirement or already retired.
 
Blueone said:
You had a second chance to get rid of the whacko…. And you screwed up…… we need to start calling you guys California
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I didn’t screw up. “They” did. I do my best to spread the word. We have a provincial election soon. Fingers crossed that the conservatives stay in power. Polls look good but you know how reliable they are.
 
here in Paradise inflation is at 8.5%, thats a 40 yr high thanks to the Dem's policys. In fact I just do not understand how they operate period. In fact I hope they all choke on it.
 
dtfeld said:
Market up 900 points today. Market goes up, market goes down.

If you got a long enough time frame it has always gone up. Problem these days is not many good short term alternatives for those close to retirement or already retired.
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Retirement planning begins when you are 21 years old. Begins with spending less than you earn and investing the excess. By the time you are old enough to stop working, the market will have produced enough principle to see you through these ups and downs, and it will provide you good short term and long term alternatives. It is really that simple. However, it does requires discipline to execute the plan, and if you are not financially savvy, you need to be savvy enough to hire an advisor to help you. Look at all the money we spend on our boats. Some of that might be better spent on establishing a financially secure future.
 
sbw1 said:
Retirement planning begins when you are 21 years old. Begins with spending less than you earn and investing the excess. By the time you are old enough to stop working, the market will have produced enough principle to see you through these ups and downs, and it will provide you good short term and long term alternatives. It is really that simple. However, it does requires discipline to execute the plan, and if you are not financially savvy, you need to be savvy enough to hire an advisor to help you. Look at all the money we spend on our boats. Some of that might be better spent on establishing a financially secure future.
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Unless you die young...
 
sbw1 said:
Retirement planning begins when you are 21 years old. Begins with spending less than you earn and investing the excess. Look at all the money we spend on our boats. Some of that might be better spent on establishing a financially secure future.
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firecadet613 said:
Unless you die young...
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Ya...but what if you don't?.... the boat and most everything else is gone, the state is picking up the tab at the home, you're being fed slop, and left all day in shit filled Depends.:eek:
 
Woody said:
Ya...but what if you don't?.... the boat and most everything else is gone, the state is picking up the tab at the home, you're being fed slop, and left all day in shit filled Depends.:eek:
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Depends are the best :)
 
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