Wednesday, June 2, 2010

When it Comes to Wall Street...

Asking that questions seems odd in and of itself.  Of course they are you might answer.  And any Baby Boomer would be correct in this assessment.

But somehow, we seem okay with this. We seek retirement or at least profess we do, often making it seem like some scalable mountain we are in training to ascend. Advice on how to do this, a feat we would rather not attempt, instead taking the paved route with the rest of the tourists, comes from all angles. Invest more, take some risks, approach the effort with no emotion, live frugally, budget, diversify, and the take fewer risks, get healthy, worry, and finally try to outlive your money in retirement by taking no risks.
And lurking in the background, not caring one whit about you in the long-term and perhaps, if it is possible, caring less about your future in the short-term. As I said, when it comes to Wall Street, the odds are against us.
Read more...

1 comment:

Unknown said...

There is a need to prepare for the retirement age in terms of financial independence and sound decision making. Some elderly people even take part time jobs just to save for retirement. Additionally, there is an essential tip in order to save more for the retirement years. It is better to rent an apartment in a senior living community than buy a retirement house. Why? Having a retirement house is not only impractical, it is also very expensive. In renting an apartment, it is the landlord's responsibility to fix mechanical problems and other issues in the house without the lessee's paying for these. The responsibility of the lessee is to pay the rent. That is why most seniors in Charlotte, North Carolina are thinking of renting an apartment in a Charlotte retirement homes
community or at a Charlotte senior living locality.