Article

2018-12-29 Economy

U.S. retirees try to keep cool as stocks tumble

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Posted by Besoeker 2018-12-29 02:34|| || Front Page|| [6 views ] Top

#1 Fifty years ago no one would have thought of putting all of one's saving into the stock market. The death of bank savings accounts (virtual zero interest) has help create this dilemma.

Banks no longer need your savings dollars, Uncle Sam provides them with all the liquidity they need, at virtually no cost. The 'Forgotten Man' cannot compete with the big gov't banking customer. As long as the interest due does not exceed the rate of inflation, the gov't can sell bonds forever.

Computerized stock trading has also left a great many small-time investors sitting beside the road, wondering what happened.

Counting on the stock market alone for a safe retirement program comes with risk.

Posted by Besoeker 2018-12-29 02:58|| 2018-12-29 02:58|| Front Page Top

#2 ....turns 75 next month...

Any advisor worth their salt would have her in very low risk/low yield positions. Sounds like she either chose poorly, didn't listen, or never read a book on the basics of money management.

2 for 1 on Alpo down at Kroegers. Get you some Nancy.

Posted by Bangkok Billy 2018-12-29 03:28|| 2018-12-29 03:28|| Front Page Top

#3 Retirees investing in stocks are like sheep lining up to be sheared. And then to be slaughtered.

Posted by Anguper Hupomosing9418 2018-12-29 09:21|| 2018-12-29 09:21|| Front Page Top

#4 Stocks are up VASTLY over the last 2 years though, because the economy is looking to grow, hence interest rates returning to less bank subsidy levels.

Posted by Bright Pebbles 2018-12-29 12:20|| 2018-12-29 12:20|| Front Page Top

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