Hi fellow Mooers!
I'm referring to "melting" milestones because as a long time investor my milestones have evolved over the years as goals were met or they changed.
Flexibility is KEY! You change over time and your goals should too. Not just with market fluctuations but with the changes in your life.
For example, in my early 20's I didn't have a lot of money to invest but I could be aggressive because I had time to make up losses. Now in my late 50's I have plenty of disposable...
I'm referring to "melting" milestones because as a long time investor my milestones have evolved over the years as goals were met or they changed.
Flexibility is KEY! You change over time and your goals should too. Not just with market fluctuations but with the changes in your life.
For example, in my early 20's I didn't have a lot of money to invest but I could be aggressive because I had time to make up losses. Now in my late 50's I have plenty of disposable...
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It's the perfect time to buy up shares of quality companies that are experiencing supply chain issues and are devalued.
Besides, consistency is key. I'll take a stock in a great company that will bounce back as global life returns to normal over a trash stock every day of the week!
My theory has served me well through feast and famine. I'm staying IN the market and increasing my shares. Of course I'm also looking at retailers known for saving customers money as that's where folks head w...
Besides, consistency is key. I'll take a stock in a great company that will bounce back as global life returns to normal over a trash stock every day of the week!
My theory has served me well through feast and famine. I'm staying IN the market and increasing my shares. Of course I'm also looking at retailers known for saving customers money as that's where folks head w...
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I'm 55, 56 in a couple of months and reentering the workforce.
I am lucky enough to have retired in my 40's and have a huge investment income stream so working is optional.
Why work? I've moved to my mountain dream house in a small town. Working outside of the home will help me become a part of this community and make friends.
Many older folks work to supplement SSI or investments while many are like me and want the opportunity to socialize.
My Dad worked most of his life too. H...
I am lucky enough to have retired in my 40's and have a huge investment income stream so working is optional.
Why work? I've moved to my mountain dream house in a small town. Working outside of the home will help me become a part of this community and make friends.
Many older folks work to supplement SSI or investments while many are like me and want the opportunity to socialize.
My Dad worked most of his life too. H...
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I definitely purchase stock in companies whose products my family and I use.
If you use Apple products buy shares. $Apple (AAPL.US)$
If you use soap, shampoo, conditioner, laundry detergent buy $Procter & Gamble (PG.US)$ and $Johnson & Johnson (JNJ.US)$.
Own a home? $Home Depot (HD.US)$ and $Walmart (WMT.US)$ .
Buying a companies stock that you also buy products from is just plain smart. A double return on investment especially if you're in dividend reinvestment.
If you use Apple products buy shares. $Apple (AAPL.US)$
If you use soap, shampoo, conditioner, laundry detergent buy $Procter & Gamble (PG.US)$ and $Johnson & Johnson (JNJ.US)$.
Own a home? $Home Depot (HD.US)$ and $Walmart (WMT.US)$ .
Buying a companies stock that you also buy products from is just plain smart. A double return on investment especially if you're in dividend reinvestment.
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We taught our kids using the 80/20 rule. When they were small it was 50/50.
Always pay yourself a MINIMUM of 20% of every dollar earned directly into a savings account that you don't touch.
As small children we started with 70% to savings (birthday/Christmas money) and gradually changed to 50/50 when they were teens then 80/20 Senior year of High School and into college.
We went over their bank statements with them monthly and taught them about credit. As college students we gave t...
Always pay yourself a MINIMUM of 20% of every dollar earned directly into a savings account that you don't touch.
As small children we started with 70% to savings (birthday/Christmas money) and gradually changed to 50/50 when they were teens then 80/20 Senior year of High School and into college.
We went over their bank statements with them monthly and taught them about credit. As college students we gave t...
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Are you a long term investor or a fly by nighter? I'm in it to win it - long term all the way.
Following Buffet and his advice has served me well for the last 30 years.
Buffet invested in Apple $Apple (AAPL.US)$ so I did too and the reason is simple: everyone I know uses Apple products. All 3 of my adult children use Apple products as do their significant others and friends.
I trusted Buffets advice to invest in tangible products that consumers rely on. Buying the dip is just smart in...
Following Buffet and his advice has served me well for the last 30 years.
Buffet invested in Apple $Apple (AAPL.US)$ so I did too and the reason is simple: everyone I know uses Apple products. All 3 of my adult children use Apple products as do their significant others and friends.
I trusted Buffets advice to invest in tangible products that consumers rely on. Buying the dip is just smart in...
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