Uptosnuff
Member
- Location
- Great Plains, USA
What did you think of it? I see these advertised all over. "What disbursement strategies to use" "How to Avoid Taxes in Retirement" "How to Live Your Best Retired Life" etc., etc.
Good point there, @Uptosnuff . Gov't entities and some corporations do very similar seminars. Someone in HR can hook you up.No. I only attended two pre-retirement seminars for State of N.J. employees a couple of years before I retired in 1998. They weren't trying to sell anything, just giving advice about submitting retirement requests and other key retirement issues.
Just invest all you can spare in Amazon stock. I've done this for the last six years with great results.If retired just learn how things work, what they are along with relying on what ever. Just doing taxes yourself step by step line by line and you can learn alot.
If not retired yet invest some money now even if conservative low yield. Do not wait until your first week in the rocking chair. Accumulate or save some money just investing. Don't have to do anything with it but you want to be ready to start, get into something.
Or back in the day General Motors , or Polaroid or Kodak , Or any of the other biggest companies of their day that eventually ended up in the bluest of blue chip graveyard .Just invest all you can spare in Amazon stock. I've done this for the last six years with great results.
So agree...the normal person can't beat plain old index funds so why try?! Nothing stays the same - the only thing permanent in life is change. Risk/reward rules.Or back in the day General Motors , or Polaroid or Kodak , Or any of the other biggest companies of their day that eventually ended up in the bluest of blue chip graveyard .
betting the ranch on any company is about the worst thing one can do in investing. Even Cisco never got back to where it was a decade ago
That's interesting about beating the index. That's hard to do. Our funds are very large...don't know if they are in the top 20% - they're Schwab. Have to check it out. Thanks for the info, mathjak!Actually stock picking is not hard .. what makes it hard to beat indexes is the fact indexes don’t have expenses of rent , lights , employees , etc .
individuals can do fine if bad investor behavior does not do them in .
many funds have stock pickers that are very good as well ..but the costs of running a small fund eats to much in to their alpha .
morningstar found if you stick to the largest 20% of stock funds your odds of beating indexing jump to 80%.
many individuals who pick individua stocks don’t commit the same dollars as investors tend to put in to diversified funds , self included .
I would never bet as much on the whims of individual companies as I do my diversified funds that have no individual company risk
my fidelity contra , fidelity growth company , fidelity blue chip growth all have been beating a total market fund for decadesThat's interesting about beating the index. That's hard to do. Our funds are very large...don't know if they are in the top 20% - they're Schwab. Have to check it out. Thanks for the info, mathjak!