Poll - The Stock Market and Vintage Sales

[raulus]

Originally Posted by ValKehl

Thanks, Nicolo, for your sound investing advice, which I believe is much the same as Phil's dollar-cost-averaging advice, which my wife subscribes to even more than I do. FYI, I am 81 and my wife is 72. We have been retired for many years, we are debt free and we live comfortably, but not extravagantly, on our Social Security benefits and my pension. Our investment income is reinvested, some automatically and some at our discretion; this is the only ongoing investing we are able to do. Fortunately, we've had no need yet to tap our investments, which we are hoping to be able leave to our kids, grandkids, and great grandkids.

Well, congrats on making it to this point!

Sounds like you're pretty much set, so you don't really need much by way of advice. But if I had any advice for someone in your situation, it would probably be to not sweat the market. No point in worrying about something you can't control, and probably doesn't really have much of an impact on you anyway.

[ValKehl]

Originally Posted by raulus

Well, congrats on making it to this point!

Sounds like you're pretty much set, so you don't really need much by way of advice. But if I had any advice for someone in your situation, it would probably be to not sweat the market. No point in worrying about something you can't control, and probably doesn't really have much of an impact on you anyway.

Leon, thanks for your kind comments and words of advice. I don't sweat the current market situation, even though I'm expecting a recession similar in scope to the one we had in 2007-09. Now then, if the coming recession escalates into a 1930's depression, then I may be sweating!