Business News: Planning for retirement

Business News: Planning for retirement


BROTHERS TO CALCULATE FINANCIAL
INDEPENDENCE. DEIRDRE: A LOT OF PEOPLE TALK
ABOUT TIMING THE MARKET. YOU HAVE BAD NEWS FOR THEM? KELL DO NOT TRY IT. DO NOT TRY THIS AT HOME. WE THINK WE HAVE SO MUCH NEWS
FLOWING. YOU CANNOT GET — THERE ARE PHD
WITH SUPERCOMPUTERS AND THEY
CANNOT DO IT. DEIRDRE: WE TALK ABOUT THIS. THERE ARE CERTAIN THINGS THAT
WOULD HAVE TRIGGERED A REACTION
IN THE MARKET. THEY DO NOT ANYMORE. KELLY: RIGHT. THE SUCCESSFUL INVESTOR IS IN IT
FOR THE LONG HAUL. THE TRADING COMES AND GOES
DEPENDING ON THE MARKET
CONDITIONS. EVERYONE WAS A DAY TRADER AND NO
ONE WAS. IT IS LIKE REAL ESTATE. IN TERMS OF TIMING AND MARKET,
IT IS HARD TO DO. IT IS A FOOL’S GAME. DEIRDRE: WHAT GOES UP WILL GO
DOWN AND VICE VERSA. GOOD ALWAYS FOLLOWS THAT
EVENTUALLY? KELLY: RIGHT. IF YOU LOOK — IF YOU GO BACK
THE PAST 10 YEARS, THEY ARE
ALWAYS WITHIN A FEW DAYS OF THE
WORST DAYS. WHAT HAPPENS? YOU HAVE A DOW DOWN 1000 POINT. IT BOUNCES BACK TO HER THREE
DAYS LATER. IT IS BACK OVER AND OVER AGAIN. IF YOU MISS THE BEST DAYS, YOU
MISS THE BULK OF THE RETURN OF
THE RETURN CYCLE. DEIRDRE: CLOSER TO
RETIREMENT, YOU ARE MORE
EMOTIONAL ABOUT IT. WHAT ABOUT CHECKING 401(K)S AND
STOCK INVESTED ACCOUNTS? AFRICA WAY SHOULD WE LOOK? KELLY: YOU TO SHOW INCREDIBLE
DISCIPLINE. IN THE 1970’S, IT WAS NOT —
ONCE A DAY, YOU COULD JUST BE
STOP REPORTS AND THAT WAS IT. NOW, PEOPLE CHECK THEIR IPHONES
HOURLY TO LOOK AT BALANCES. IT IS A TERRIBLE HABIT TO GET
INTO. IT WOULD SAUCE — IT WHIPSAWS
YOU BACK AND FORTH. WHAT WILL ALLOW YOU TO SLEEP
AT NIGHT? IF YOU GET IT RIGHT, IT YOU
SHOULD BE ABLE TO WEATHER THE
STORM. WHAT IF WE HAVE ANOTHER 2008? WE WILL. IF YOU LOOK AT A 15, 20, 30 YEAR
HORIZON, YOU ARE BETTER OFF IN
THE MARKET. DEIRDR INVESTOR PERFORMANCE
LIKE THE MARKET. THE CONCEPT OF BEING IN IT FOR
THE LONG HAUL? KELLY: LOOK AT THE NUMBERS. THE MARKET HAS RETURNED X. THE INVESTOR HAS RECEIVED WHAT
KIND OF RETURN? USUALLY, ONE THIRD OF X. WHY IS THAT? MAKING EMOTIONAL DECISIONS AT
THE WRONG TIME. WHEN PEOPLE WANT TO GET OUT,
MAKE AN ADJUSTMENT. YOU GO TO MORE BONDS AND STOCKS. IF YOU WANT TO GET IN AFTER YOU
GET OUT COMEDY 10 TO GET BACK IN
IS WHAT IT FEELS UGLIER THAN
NOW. ARE YOU ABLE TO DO THAT? THE ANSWER IS NO. TONI: IF YOU’D LIKE TO TAKE

You May Also Like

About the Author: Oren Garnes

Leave a Reply

Your email address will not be published. Required fields are marked *