tag:blogger.com,1999:blog-626594980028435818.post5926626032430863739..comments2024-03-18T04:17:30.115-04:00Comments on Sightings Over Sixty: Why Retirees Make Better Financial DecisionsTomhttp://www.blogger.com/profile/08611148987085476580noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-626594980028435818.post-82911183026075491422013-12-04T09:15:36.235-05:002013-12-04T09:15:36.235-05:00I started investing early, and I learned never to ...I started investing early, and I learned never to get out of the market during downturns. You just have to suck it up and stick it out.<br /><br />During the 2009 downturn my investments were down a lot, but have recovered, and if you ignore the downs and ups have returned an annual average of 4% over the period.<br /><br />My teenage daughters are not yet financially savvy, but the older one, in college, is frugal with her money. It's a good sign.Kirknoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-72954107254011423582013-11-17T16:15:17.466-05:002013-11-17T16:15:17.466-05:00Thanks for reinforcing the fact that I'm smart...Thanks for reinforcing the fact that I'm smart. I keep telling this to people but no one seems to be buying it.stephen Hayeshttps://www.blogger.com/profile/17659054447637207734noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-71083997173320215702013-11-15T08:58:00.998-05:002013-11-15T08:58:00.998-05:00I don't "play" the market, but I inv...I don't "play" the market, but I invested all my retirement funds into stocks and had to decide how to split it all up to insure I wouldn't lose everything. It was intimidating, but I think we made some good choices, since we only lost about 10% during the Great Recession and most has returned. Good post.DJanhttps://www.blogger.com/profile/07152183871573797791noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-44145375603970198242013-11-15T08:31:54.899-05:002013-11-15T08:31:54.899-05:00After the market crashed in 2008, we have not inve...After the market crashed in 2008, we have not invested in it at all. David has a profit sharing plan at work that is being invested in mutual funds by his former employer's CPA, and those investments have been very good. That's why David intends to keep his money there for a few years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-52414879062496052682013-11-14T16:58:32.340-05:002013-11-14T16:58:32.340-05:00Schmidleysscribbins--Some of us have been around l...Schmidleysscribbins--Some of us have been around long enought to have been burned enough times that we wouldn't fall for <i>anything</i>!<br />Cop CarAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-87359445915318647642013-11-14T15:09:20.131-05:002013-11-14T15:09:20.131-05:00I agree with Dick. The Depression affected my par...I agree with Dick. The Depression affected my parents, and their attitudes shaped my experiences as I grew up. <br /><br />However, when I was younger, I was duped a time or two by some con artist selling something. Today, I can resist much, but sometimes, I may be too careful. Call it the once burned twice shy phenomena.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-50600397958919044742013-11-14T14:39:04.375-05:002013-11-14T14:39:04.375-05:00I think family backgrounds play a part as well. My...I think family backgrounds play a part as well. My contemporaries, raised by parents who suffered during the Great Depression, seem to be more conservative in financial matters than younger generations.Dick Kladehttps://www.blogger.com/profile/11793395712483278104noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-62780003653757858122013-11-14T10:29:59.004-05:002013-11-14T10:29:59.004-05:00Somewhat related: One of the local news programs h...Somewhat related: One of the local news programs has been making a big deal lately about the brain changes that make elders more likely to fall victim to scams. The theory of the study (sorry I don't recall enough to know whose study it was) was that parts of the brain shrivel that allow us to discriminate scam from fact. We are too trusting.<br />Cop CarAnonymousnoreply@blogger.com