Posted by W_B on January 20, 2016 at 05:08:38 from (155.188.123.25):
In Reply to: Stock market posted by 37Chief on January 15, 2016 at 12:28:10:
Quoting Removed, click Modern View to see
...and you missed out on 7 yrs of growth!
I'm in for the long haul so I'm using a model in my 401k investments, gets more conservative as you get older but still has a lot in the market. Yes, it is down right now but will go back up, it always has. My MIL got panicked by a big crash several years ago ('95 maybe?) and ask me is she should move everything to money market accounts. I told her NO! By moving it you lock in the loss. The market recovered and in a short time she not only got back the loss but was in the market when it shot up. She ended up with a comfortable retirement nest egg. She squandered part of it on a motorhome that she can't afford to make payments on now with the passing of the FIL, but that's a different life lesson that she never consulted me about.
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Today's Featured Article - Grain Threshing in the Early 40's - by Pat Browning. The setting is rural Wisconsin, halfway between East Troy and Elkhorn, on Hodunk Road, our nation was at war, and I was 6, 7 and 8 years old. George was our "threshing neighbor." He was the one with the threshing machine, a JI Case on steel wheels, and he pulled it to our farm with a JI Case standard tractor also on steel. In those days, steel wheeled implements were common. The roads were general gravel, so the lugs cutting into them wasn't a problem. George would set up the thresher, s
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