I've always been financially conservative. At this point, I would label myself risk-averse. If I make a serious error, I don't have the time to wait for the recovery. I'm too old to be poor. Fortunately, my only vice is shooting.
Stock Market
- Thread starter pmclaine
- Start date
Im finding it hard to find the balance between doing/enjoying things now and work all the time/saving. Like I literally haven’t done much of anything for 5 years now trying to save and invest as much as I can. I’ve always been super financially conservative and thats all great and everything but I also feel like I need to back off some and start enjoying things. If y’all got any advice for a guy in his mid 40’s on how to balance all these things, I’m all ears. It’s not easy when you got bills, aspirations, kids, college, weddings to save for and on and on and on.
You do the best that you can. Save what you can. Don't fret about it. Improve your career and income when the opportunity presents itself. Don't get caught up in the materialistic things that you don't have. Everyone has bills, aspirations, and the other things you mention. Keep things in balance...enjoy your life.
The one thing that I would do over again if I were young is to spend more time with friends and family and enjoy their company. I spent too much time climbing the corporate ladder and missed out on a lot.
That's the only advice I can offer that is worth a damn.
It’s hard to make up for lost time in the market. You have to figure out your goals and proceed from there. You either have enough to do all of it, or you don’t. If you don’t, then you have to look at your priorities.
I wish I had an answer for you, but I will say that you’ll never be able to buy time or missed experiences back. My friend’s dad had great plans for retirement, but he died at 55 and did none of those plans. That has always stuck with me.
Thank you! Very solid advice. Definitely trying the best I can but feel like I’m failing in some capacity every day. There is always room for Improvement.
Might see my $464 on SPY! After that it would be cool to hit the $370-$385 are. That’ll take it back to where it was when Joe dipshit stole the election.
Nobody can answer you, really, without knowing how much you have invested, your income and savings ratio, and, most importantly, your goals for the savings. Spending levels, etc.
It may be that you can back off. Or it might be that you are behind and need to save more.
If I could make a suggestion, it would be to go over the Mr. Money Mustache forum and read some of the case studies. It will give you a good idea of what some others are doing, and suggestions folks have for improvement or relaxing.
I would also encourage you to read this article.
The Shockingly Simple Math Behind Early Retirement
This is the blog post that shows you how to be wealthy enough to retire in ten years. Here at Mr. Money Mustache, we talk about all sorts of fancy stuff like investment fundamentals, lifestyle chan…
www.mrmoneymustache.com
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I got some good orders filled yesterday and ended up getting some longer dates calls. I’ll sit on them for awhile, but they’re already deep in the money. I will probably sell 75% of the calls, and exercise 25% and steal those shares.
Donny is outdoing himself. 104% on China. Brilliant. This "multi-dimensional chess-master" is an absolute genius. Apple moving to India, that'll bring jobs home. The "Republican" grumblings are growing louder. Musk and Navarro bitch slapping each other in public is a class act. Only thing this group is missing is a tiny little car and rubber noses. 2028 is going to be a rout. Outstanding.
WTF is he doing? Now he is pausing tariffs? I’m sorry stand your ground, wait for people to negotiate or don’t do anything. This makes us look weak imo.
It is 100% illustrative of Donald J. Trump's inability and unfitness to lead. It doesn't make the US look like anything. The whole planet is looking squarely at Donny. It was all just a "trick".
Someone made a lot of money today after his reversal was announced.
Wish Id pulled the trigger on some stocks I was looking at last couple days, they all bounced back nicely. He who hesitates......
Wish Id pulled the trigger on some stocks I was looking at last couple days, they all bounced back nicely. He who hesitates......
Sold 25% more of my calls. Will exercise the last 25% and steal those shares at a later date.
I made some money getting in on some stuff last Friday. But I didn’t invest like $1mil. Shoot, wish I had.
Just imagine how much the folks made who knew ahead of time how this was all going to play out.
Like the DC scum that are elected or friends of same. Schitt, Schumer, Piglosi, Pochahantus, ....?
I didn't think it would play out this way so quick. I thought it'd be at least another couple weeks or more if not a month.
Not quitting my day job for sure.
Neither really. Just pointing out that he put a hint out this morning. I am learning that you have to really read his social media posts carefully to find little Easter egg type info.
The man announced tariffs guaranteed to panic the entire planet, waited a couple of days and then shared a post on his social media Saturday saying he was "intentionally crashing the stock market."
Then after a few more days (including a false rally on Monday from a rumor that he was delaying tariffs), he gives out hints this morning to "buy now" and a few hours later announces a move guaranteed to cause a massive rally. Not exactly easter eggs.
Now imagine what someone with a few million to spend and a couple of days notice of how severe the "Liberation Day" tariffs were going to be could have made over the past week in the market.
Not that many wanna read 40 pages....but you should. Got gold?
Stephen Miran, widely viewed as the architect of Trump's trade policy, published a paper "A User’s Guide to Restructuring the Global Trading System" in November of 2024, laying out everything that has happened (as well as many things that are yet to come).
Stephen Miran, widely viewed as the architect of Trump's trade policy, published a paper "A User’s Guide to Restructuring the Global Trading System" in November of 2024, laying out everything that has happened (as well as many things that are yet to come).
Yep, and now we're going to hear (it's already everywhere on the news etc.) that we need to stock up on staples and make all those big purchases in the next 87 days before the tariffs kick back in. The first article on Yahoo this morning "You have 87 days, what to stock up on now!" Every major news outlet has stories on what you should stock up on now. Retailers will have a great Q2 sales boost from panic buying. Banks will love that people are going to rack up even more debt on 20+% credit cards cause consumers are idiots as a whole.
So he tanks the market for a couple weeks, tells all his buddies about him reversing it ahead of time (The volume of favorable options placed the morning he reversed prior to the announcement are massive) then just pauses knowing many stocks will come back 20+%. Now you can make a case that a lot of investors might look at a market drop that big as an opportunity to buy (I know I did) but you know if Trump is willing to send out social media messages that it's time to buy, his buddies and their buddies and 30 minutes later probably his enemies all knew it was happening long before the announcement.
Whenever this happens all the politicians all have the exact same excuse. "My financial advisor makes all my trade decisions for me". Well at least those that don't keep their investments in a trust so they are not public info.
Latest report;
XRP went down for a week or so but it went up from the $1.96 when I bought it to a high of $2.24 this morning. It's been a very robust Crypto during this recent fall in the stock market.
I wouldn't be surprised if it was up to $2.35 in a week.
I’m gonna keep riding this wave but have to say, I’m actually getting nervous that my gold and silver accounts…ostensibly just a backstop, and not investment vehicles…are appreciating this much.
Gold is a constant, the value of the Fiat is declining.
Yup… Sold off a lot of my physical gold bullion back in 2011 to buy my dream car when I was stationed in Germany, but have been slowly rebuilding our stores by adding to our actual physical gold and silver over the past several years; typically one ounce coins.
That said, now that I’m twice-retired I’m finally at the point where I need to start thinking about divesting the “paper gold” assets and using the proceeds to pay off our house and/or buy more physical gold or other real assets.
I can theoretically withdraw the equity from my Sprott account as actual physical gold once I have enough in there to = one standard trade bar; or 400 ounces (25#) of gold. I’m getting there, but nowhere near that level
. Or rather, I should say I was getting there. Now that I’m on a semi-fixed income, the chances of me getting the rest of the way to $1M+ (actually $1,342,000 as of today) just in my gold account is…well, highly unlikely.Just happy I started down this path
Or maybe this is the right approach, and I need to just roll with it…maybe even go farther down this path.
Will ponder this a bit…
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