Big Blue Huddle

Quote from: MightyGiants on May 17, 2022, 08:38:36 AM
Thanks,

I have some Chevron, I love dividend paying stocks, and I just bought a bank ETF.  So I guess I might be going in the right direction

It's hard to judge long term return with dividends I want to say phillips 66 does about 4% a year.  I only keep about 10% in my company stock P66.  Excepting this last year, my biggest investment fund VPMAX far outpaces my oil stock return when dividends are added.  I usually jusmdge investments based on 5 year return total.

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How about Opie in Son's of Anarchy?  I have to check out some of the classics mentioned. 

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Todge, thanks for your reply.   It truly lines up with advice and research I have done. The  sessions I had chatting with a reputable advisor were extremely helpful to me as well.
     As I mentioned before, if I run down some of my principle from 55 to 80 years of age, I'm ok with that choice to pair back spending if need be.  Hopefully I can leave my full principle to my children.  However, my view is to enjoy as many days of sunrise as the good Lord allows.

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Quote from: Bob In PA on May 13, 2022, 12:35:23 PM
greg: Two thoughts, for what they're worth (which IMO is probably not much):

(1) cryptocurrency - I can't imagine owning something that only exists theoretically, which I can't hold in my hand, and which only 10 people in the world can explain correctly.  In addition to that thought, there is this:

(2) Eventually, the scum in Washington known collectively as politicians will come to you younger people (probably after I'm long gone) with the bright idea to get stop using paper money and replace it with some form of electronic accounts.  Don't buy into it, now matter WHO stands behind that idea.  How much "money" will you have - and how can you spend it - if the power goes out?

Bob

Bob. A long time ago, I was told to invest in what we see. Gas in our cars, coke on the shelf.  The dot.com collapse couldn't be seen in some cases.  What was tge company selling?    Now software we use daily, computer chips, phones in our hand, it's part of our world.
     Buy crypto has no practical use at all in my view. Funny thing, gold has little practical use either, but at least it's tangible and not in the clouds.  Anyhow,  I'd treat crypto like gambling. Invest with what you can afford to loose,  maybe 1% or so.

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Before my mom passed away, I had her money conservatively invested.  When the pandemic hit. It allowed me to buy during the downturn and get a nice return as her money never lost value during the drop. She had little to work with so it had to be safe investments.
    Now for myself, I considered squirelling away 20% of my 401k for bad times like this,to just allow the market to swing and pull from safe money. However,  since 50% of my retirement income will come from pension, I am all in for the swings, for better or worse.  I just don't know enough to time it all- who does. I'm playing the long game of 5 to 10 year average returns. So Im standing still.
      Any crypto currency investors?    That's a scary area these days. 
     

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The pain of protecting your children at Ruth's exense was real. As a fan, I hated seeing her die. She was an awesome character. Wendy became an annoying bitch, I reckon that's good acting. 
   As a side note, I enjoyed Camilia on Queen of the South as well if there are any Teresa Mendosa fans here.

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Bad ass!

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The 2 spin off series disappointed,  but I'm still following the walking dead. I heard they may do a movie with Rick and Machone?  Its time to wrap up soon though in my view.  At some point, the struggles need to bear fruit

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Hey Lenn, have you tried the series Poldark?   The movie is aweful, but there is a 2 season series that is excellent. Follows a British soldier after the revolution War going home finding his family fortune in ruins.  He rebuilds and eventually  marries his serving wench he brings in to the upper society. The time piece, copper mine work, ocean shots, love triangle, protagonist antagonist plot are all outstanding. 

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Quote from: LennG on March 30, 2022, 08:13:07 PM
I haven't done any research, but is this a life-threatening disease? Anything like Alzheimer's

For a time, I wouldn't miss anything he was in, just fun movies, even the ridiculous Armaggenden, How great was he in Pulp Fiction, The Sixth Sense and Tears of the Sun.

I wish him the best in the fight for his health.

My novice view is it's in the Alzheimer umbrella. Tough to see Mr Die Hard hit krytptonite.   

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All excellent points brought up. I did a deep dive last year over ways to forestall Alzheimers. After diet,sleep was one of the top things to restore the brain.   REM takes place about 6 hours in, so 7 hours sleep is important.
     I'm 52 and have been a shift worker my adult life.  Sleep is ever more a priority. When I transition to day shift, I take 5mg melatonin to help fall asleep. Magnesium helps you stay asleep longer too.  For shift workers, a dark room is a must.
      I see many retirees get off shift work and on a normal sleep schedule. They usually look younger after 6 months of this.
     Bottom line, healthy food, sleep, and exercise all must be a life priority.

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Lenn, Bob, Ritch, thanks for the feedback. I respect all the views, but I'm going to share perhaps a different perspective.   To start, I have seen too many family and friends not reach 60. I believe most people older than me retire on pensions or ss.  The next generations rarely receive pensions and are expected to retire off of 401k's.  Historically the SP500 averages 8 to 9%  1/3rd of my money is in VPMAX. The 10 year average return is 15% 
Say I have 1 million and I invest poor or conservative and only average 4%  return and draw out 6%    The 2% loss would take 50 years to draw to zero. Of course inflation halves the money every 25 years.  My view is I want a solid 25 year run financially off my investments.  If I'm poor at 80, so be it.   
    Anyhow, 5% of my 401k is expected to be half my budget at 55 when I retire. ( not including ss) I believe I can pace the principle plus inflation.  If I don't, so be it.  I'm super excited to take Lenn and Bob's job in 2 years!

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Quote from: LennG on March 08, 2022, 01:32:12 PM
An update on some of the things I am watching

My wife and I are heavily involved with the new Lost In Space on Netflix. We have now finished season 2 and as of now, it is pretty good. I don't know the history of this show but I would guess it started on TV with commercials as there are definite spots where you can see where they would be. Plus, each episode is 45 minutes long, leaving 15 minutes for commercials. That said, because of where it was made or shown, the lead characters are always in trouble, life-threatening trouble, space trouble but you know nothing is going to happen to them. For me, that is a bummer. Not that I wish evil on any character, but knowing they will always come out on top sort of takes the suspense out of many of these so-called problems. But again, overall, a decent enough watch.

Reacher--I have finished the 1st season run and enjoyed it very much. The dude that plays Reacher is pretty good and knows his character very well. My one problem with this is that in the first couple of episodes, Reacher is in fights with 3,4, and 5 guys and barely works up a sweat, but later on he fights a couple of the main baddies, and at one point, gets his ass whupped for a while. Just didn't seem pausable to me considering how he fought early on. But that is a minor point and I will definitely watch any future seasons.

Vikings  Valhalla--- My favorite show so far. As I wrote in my first post on this, I was a HUGE fan of the Vikings series on History and then on Prime, I think. This type of show is really in my wheelhouse. As I said before, you do not have had to see the original Vikings to watch this, as nothing, except references to the old people, are ever mentioned. This series stands on its own. I thoroughly enjoyed this series--good writing, lots of action, and much-underhanded trickery. Great battle scene in the final episode. If you are into this sort of stuff, you will enjoy this series, I did very much.

Hey Lenn. I can read front porch now on taptalk.   I loved Reacher. You mentioned Valhalla. Have you watched Lost Kingdom?  I just finished last season, real good stuff for Vikiings fans. 

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Bob, ( or any others)what's your take on the 4% rule of withdrawing your money?  He's my scenario.  During the pandemic, we had 3 coworkers about 50 all die within one month. A good friend of mine, 50 at the time, up and quit at this point. He and his wife pooled all their money and a plan to draw 7% indefinitely if the past returns continue.
      My plan is to budget 50% retirement with my pension and to draw 5 to 6% from 401k for the rest.  More money comes in when I can collect social security.  Also, if my returns do poorly. I dont anticipate spending  lavishly when I'm 75.   
      Anybody else have advice on withdrawal rate?


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Quote from: MightyGiants on February 23, 2022, 08:26:48 AM
I am planning on buying on the dip.  Any sector or stock you think I should look into?

I just realized I have front porch on Taptalk now.   About 5 years ago I took over my moms finances as she went in a home and I sold her house to fund her bills for dementia care. I went to a respected investor some of the guys at work use.  He helped me set up  stock funds through Vangaurd at a risk category of 2 and 3 out of 5  -5 being  most aggressive. Mom didn't have much and I was stressed how long I could keep her in good care. When the pandemic crashed the market,  her money was completely safe.   I got super lucky and timed the dip perfect, moving all her money into the most aggressive fund I could find.  I made a clean 30%  return that year.  Anyhow,  mom passed away last month.  She had the best care all the way through and  few bucks left over for her kids too. 
     As a side note,  the investor told me to not worry about aggressively paying off my house to retire.  I refinanced to a low interest rate and went full in on 401k pre tax for over 50 at 27k a year. The pre tax savings for 401k investing plus the rate of return over saving on a home interest loan have helped balloon my 401k.  At this point, I am on pace to retire at 55 in 2.5 years.   

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