Drstrangeglove
Silver Member
We had to reposition. So, some of it isnt fiction.
How are your investments doing?
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mark in portugal
Silver Member
Cash is fiction too; so I don't really see such a huge difference.
Stocks go up and down, which means cash goes the other way.
Stocks go up and down, which means cash goes the other way.
riptides
Super Star Member
At one time in my career we had stock grants and purchases. I stopped the purchases as I was keenly aware of industry direction and the lack of marketing on the companies new CEO. The grants went aways slowly with the completion picking up. I was selling most as fast as I could turn them around. Good thing too, we were bought out, then bought out again. Industry consolidation. I tracked the shares I would have had for a long while. Let's just say, I made the right choice.
Oaktree
Super Member
???
Oaktree
Super Member
The only company I ever worked for that offered stock options was my very first job right out of college. I was 20 when I started there, and investing was the furthest thing from my mind.
Only other case was in the mid-90s, the company I worked for then (privately owned) was refinancing their business loan, and offered the chance for employees to buy in. A couple of us did, and did quite well with that investment. When the majority owners decided to sell out 6 or so years later, my return had roughly tripled.
grsthegreat
Super Star Member
I was with the electrical union for only 2 years back in early 2000’s before 9/11 occured. Afterwards the union contracts started drying up and the company i worked for went from 250 journeyman down to 6 or so within a few months. I had just gotten my contractors license renewed and secured a business license to do some sidework, so instead i went full time into it. When i left the company i left my matching funds investments alone with the investment company, as it was allowed. Mind you, i only worked there for about 2 years. About 8 or 9 years later my current investment company wanted me to centralize my holdings, so i moved the retirement funds. I had no idea they raised to nearly $110,000 during that time. I really never paid it any attention.
The account i moved it into, along with wifes retirement funds , are now into the millions. I love compound interest.
Just yesterday i decided to start withdrawing a yearly stipend as i reached the age where the extra funds wont effect my SS payments. We are going to use the money for vacations, helping family members, friends and church as we wish. We dont need the money to live on, and want to use it for some good. Heck, ya cant take it with you, right.
The account i moved it into, along with wifes retirement funds , are now into the millions. I love compound interest.
Just yesterday i decided to start withdrawing a yearly stipend as i reached the age where the extra funds wont effect my SS payments. We are going to use the money for vacations, helping family members, friends and church as we wish. We dont need the money to live on, and want to use it for some good. Heck, ya cant take it with you, right.
riptides
Super Star Member
I had thought RMDs would influence in a bad way SS payments?
grsthegreat
Super Star Member
not after a certain age...depending on birth year
Larry Caldwell
Super Member
Only if it pushes you into a higher tax bracket for SS taxation. I will pay federal income tax on 85% of my SS because of pensions, so the RMDs are just more taxable income.
Larry Caldwell
Super Member
If you are old enough to have RMDs, you can earn as much as you like and it won't affect SS.