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down 1000 today. just put retirement off another year.
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A 1000 point drop shouldn’t delay your retirement by a year given your age. If it does, you’re 1) too heavily exposed, 2) haven’t saved enough for retirement for your age, 3) your drawdown amount is over extended for what you “need” to live on rather than what you “want” to live on. Within the next 1-5 years we’re likely to see a cyclical recession with markets possibly cut in half from where we are now. Again, these things happen. If this market makes you nervous, you’ll slit your wrists at that. Get more conservative if a 2.7% drop in the DOW makes you delay retirement. I hope others share their recommendations to you. |
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My recommendation would be to wait for a 1000 point increase day and then move retirement up one year. |
So Amazon took a loss? First since 2015 and they’re in the midst of a unionization push?
That’s…..bad. At this point they’re a mature company, and it’s going to be tougher to get skinny, methinks. I was surprised to read that. I should get out of my hole and see what’s happening more. |
I'm working on the update and am all the way through Daface but have to leave to go show a house. Will finish shortly.
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But there is a LOT of money in the stock market that is tied to Amazon stock. |
OP and post #1 updated
Rainman is like ninja |
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Truthfully, I should never look at it. hoping to retire at 60. So 6-7 more years. |
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Oh Crap!
Cathie bought 1,539,000 shares of ACCD on Friday. |
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I assume that he's talking about the year to date and not just the most recent meltdown. It's certainly impacting my plans for retirement soon. I went from being positioned really well last Thanksgiving to now thinking that I need to work longer. |
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Since I’ve been asked a lot:<br><br>Buy stock in several companies that make products & services that *you* believe in.<br><br>Only sell if you think their products & services are trending worse. Don’t panic when the market does.<br><br>This will serve you well in the long-term.</p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1520650036865949696?ref_src=twsrc%5Etfw">May 1, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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