Ok, so we are old and retired. Now what??

[crimsonghost747]

(07-18-2022, 12:00 PM)fenders53 Wrote:

(07-18-2022, 02:41 AM)crimsonghost747 Wrote:

(07-15-2022, 06:16 PM)fenders53 Wrote: I think I have sufficient assets for myself so I started a 401K port for my only child. It's buy a share or two when the stock is crushed. The new port is actually very green after a month but I am only buying extreme dips in whatever sector is getting crushed this week. It's not an amazing feat when you start a port  6 months into a correction but still fun.

No doubt that a correction is a good time to start a project such as this one.

I will look like a rock star for awhile.  I waited a long time for this as I want my kid to have considerable confidence I am not completely clueless when I offer investment advice.  My past experience tells me that while I can't time the bottom of the market, I may be able to grab close enough to the bottom on some quality stocks here and there.  Plenty of cash left to invest so I can save myself if it doesn't get too bad from here.

And with such long-term investments as long as you pick the right companies, which I know you will do, it'll be nicely in the green (not to mention all the dividend income) even if you miss the bottom by 30%.  These will have like 30-40 years to compound before they can be withdrawn without penalties?