ECON My Financial Advisor is threatening to kick me to the curb.

[Jeff B.]

Whenever the market rises very fast, expect some type of pull-back

Old saying... what goes up must come down.

Bubbles (which we are in) pop.

It's high time to remind him that HE works for YOU. If he has or even seems to have an issue with that its time to go. There are easily half a dozen companies that would court your business.

Jeff B.

 

[Betty_Rose]

Make sure you start collecting your Social Security 'benefit' as soon as you turn 62 1/2.......I did the math & if ya wait until you're 66 so you can get the higher monthly payment.......they won't even out until you're 78.





Turn that cash into hard goods......beans & toilet paper for one thing.......that way you've got your stash when hyperinflation rears it's head

Started taking it at age 60. I get “widow’s benefits.”

I also did the math. My “crossover point” for waiting one extra year was 17 years down the road.

“A fast nickel is better than a slow dime.”

 

[Signwatcher]

Yeah, get while the gettin's good. I inherited a ROTH IRA that's invested in the stock market. I'm pulling it.

 

[Betty_Rose]

Yeah, get while the gettin's good. I inherited a ROTH IRA that's invested in the stock market. I'm pulling it.

I have a Fitbit. My "resting heart rate" dropped dramatically once I made the decision to exit the stock market.

I made some money on my hand-picked investments (which I consider to be an answer to my prayers), and now, I am glad to be shed of it.

Thanks for this reply. Somehow, it's comforting to know that I am not the only one jumping ship!

 

[Ractivist]

A good friend of mine bought 100K of hand picked S&P right after the big covid drop. When the press all starting yelling about a market crash about a month before the election, he bought another 100K worth, believing they were FOS and just trying to cause one to use against Trump.

Needless to say, he has done very well so far. He is certain that the .gov will continue to digitally create HUGE amounts of money in bailouts free crap and so on, especially if sleepy Joe gets in. He expects all of this money to end up in the market, sending it to new highs based on funny money.

I do not have the stones (Or any money) to play this game.

I’ve thought the bottom would fall out for so long I’ve quit expecting it at this point. I also think the market will double and triple, as the buying power is decimated. Somewhere in their will lay the great fall. Could happen real fast.

 

[night driver]

Friends, if you are using brokers etc, I encourage you to understand the concept of "Fiduciary Responsibility" and how it plays into your relationship with your broker. It's just a part of your normal due diligence before you engage with ANY monetary brokerage firm/representative.

 

[Miracle]

Roll over into Schwab -- They won't even charge you for trades online .. Although I like TDAmeritrade too.. They have a small charge for online trades..

 

[rob0126]

Someone is forgetting who works for whom

Thats been going for a lot of people these days.

 

[Butterfly]

The objective is to make money. Taking profits off the table is wise. Never fall in love with a stock. Its a vehicle to accumulate wealth. Pigs get slaughtered. When I have a stock go up 50%, I sell 75% of it. If the remainder continues to go up, yay! If not, I'm still good!