Never ever uttered before in my life: Dafuq? I generally ignore the day-to-day crap on the market but geebus that's friggin' ridiculous.
Unlike Ron, hiding my money in the backyard in mason jars won't cut it for the next 30 years so I can have some $$ to retire on. Time to figure out another way to make money.
Even though I live in the sticks, no money in Mason Jars.
Tangible income producing assets.
Small business ideas.
I do have a slightly higher cash position than most in my portfolio, just in case that lawyers, gun and money scenario ever comes up. But even that is in bank quality safes.
An overdue 10% correction and you guys are ready to throw in the towel?
A coworker just bought a house l2 weeks ago and had literally just sold off a bunch of stock to pay for it. They almost pushed back closing to end of this week, he's thankful they didn't!In actuality I lucked out and was on schedule to make a purchase on Monday anyway and got in cheaper. It just sucks watching 10% of your retirement $$ disappear. Trust me, I know how the market works and am in for the long haul, but you have to admit there is a little bit of sadness that comes with watching your $$ go up in smoke (yes, I fully understand that I still have the shares).
I wish I knew more about stock and the inside and out of trading. I have a target 401k retirement plan with vanguard that NS does the adjusting as far as risky early steady later type deal. Seems to be doing good, but Idk what I'm looking at. I'd just assume it all be in railroad stock.. and I'm just glad I don't pay social security. One of the best things about working for the railroad.
Target retirement date funds get more conservative as you get closer to the date. The problem with those are, when you retire, do you really want your money to stop growing? Average Americans are living 20-30 years in retirement. Inflation goes up, your money needs to follow.
FYI It's not invested in all railroad either. pM me and I'll help answer your questions.
Related to my above post, has anyone been following the trade floor tech wars?
They have already regulated network cable lengths down to the mm. Now we are getting into regulating composition of said cables. The tech trade speed war ius driving innovation milliseconds per mm at a time.