Is it weird that I low-key look forward to being old and retired
And not having to work anymore, just spending my savings and doing stuff I like
26-30, M
This page is a permanent link to the reply below and its nested replies. See all post replies »
Picklebobble2 · 61-69, M
somedude15 · 26-30, M
@Picklebobble2 when do you get to retire?
Nomad7 · 26-30, M
@Picklebobble2 Haha, you should read up on investing. Equities, bonds, real estate, alternatives like hedge funds and commodities. Value can be found anywhere. Do you have a background in finance or did yoy ever take an Accounting or finance class?
Picklebobble2 · 61-69, M
@somedude15 Now THAT’S the $64,000 question !
Retirement age in the UK is now at 68 for a guy. You have to be that age before you can claim a state pension. (which you’ve paid into all your working life via National Insurance contributions)
But as folk are living longer so your pension runs out earlier (because it was based on earnings and expenses calculated back in the 70’s when folk retired at 65 but were dead by 85 !)
So it won’t be any time soon that’s for sure !
Retirement age in the UK is now at 68 for a guy. You have to be that age before you can claim a state pension. (which you’ve paid into all your working life via National Insurance contributions)
But as folk are living longer so your pension runs out earlier (because it was based on earnings and expenses calculated back in the 70’s when folk retired at 65 but were dead by 85 !)
So it won’t be any time soon that’s for sure !
somedude15 · 26-30, M
@Picklebobble2 man, that sucks! I don't think I want to have to work that long. Why is life so hard😩
Picklebobble2 · 61-69, M
@somedude15 It’s hard because governments go round and round in the same economic cycles yet never learn the lessons from them !
When it comes to formulating policy, everything is expendable in pursuit of a vote !
When it comes to formulating policy, everything is expendable in pursuit of a vote !
Nomad7 · 26-30, M
@Picklebobble2 I made 80% returns in the last 7 months. Sure, there are many more who lose than those who make money consistently, but there sure is a method to it.
If you gamble, you'll probably lose most of what you invest. Equities can have the best return in terms of risk. Most people don't exactly invest. They speculate, based on rumours and trends
Saying that the stock market hasn't given positive returns in the last 20 years and assuming that will continue is like saying the UK will not continue with economic growth and development.
The point is that after a certain age, you have to make your money work for you. Compounding will make you far richer than you ever will be just working a 9-5
If you gamble, you'll probably lose most of what you invest. Equities can have the best return in terms of risk. Most people don't exactly invest. They speculate, based on rumours and trends
Saying that the stock market hasn't given positive returns in the last 20 years and assuming that will continue is like saying the UK will not continue with economic growth and development.
The point is that after a certain age, you have to make your money work for you. Compounding will make you far richer than you ever will be just working a 9-5
Nomad7 · 26-30, M
@Picklebobble2 I tell you once again, this isn't true
I'm not speaking of trading, but buying a stock based on fundamentals is like buying a house when real estate is down and waiting for the market to realize its true value
Unfortunately, people who do not invest have either lost money or have seen enough people lose money to never bet themselves. But that doesn't validate the statement that you're more likely to make returns betting on racehorses
I'm not speaking of trading, but buying a stock based on fundamentals is like buying a house when real estate is down and waiting for the market to realize its true value
Unfortunately, people who do not invest have either lost money or have seen enough people lose money to never bet themselves. But that doesn't validate the statement that you're more likely to make returns betting on racehorses