@Irene_L.A. wrote:
Answering Niner's interesting question on how much does one need to live like a millionaire...I like nice hotels, give me Four seasons, upscale restaurants, travel 1st class, I'm made for it and handle it well. I also do well at BJ's Brewery, Red Robin and the more casual chains we all work for. My confidence comes from within, but I know I'm not living like a millionaire, so, how do I change it......sell my investment, house, I don't care to invest my money in an upscale hotel working anymore...what makes me happy nowadays is freedom to come and go, good health, and a Cosmo and good meal...as you age you do need less...whatever we have in savings doesn't count, we're not spending it. How does one save after retirement, I'm listening.
Liked by: Irene_L.A.
@Flash wrote:
There have been many books, newsletters and magazines written about investing. These are out of date before the printer's ink is dry. This becomes more and more true as the technology for trading gets faster and faster.
@ wrote:
Few people find it fascinating to study market movement, company governance and performance, sector performance, the economy and what the analysts are projecting.
@ wrote:
Even with that study, the decision to invest or divest takes a human longer than it takes a computer. Much of market movement is due to computerized trading algorithms that can instantly account for the latest information. As a result it is not at all an inappropriate suggestion that folks buy market diversification by purchasing index funds rather than attempting to 'pick winner' stocks. And for a couple hundred dollars an individual can begin buying index funds while buying investment real estate normally requires at least a 20% downpayment plus a likelihood that the monthly rent will at least cover the monthly mortgage, taxes and insurance payment.
@Flash wrote:
Especially during the recession those $10 shops kept me from needing to go into my savings or investments to pay the bills.
You can sign up with an online brokerage firm that offers free or low-cost trades.(https://www.nerdwallet.com/best/investing/free-stock-trading). If you're interested in starting out in a casual manner, consider stocks that have shareholder perks (https://www.thebalance.com/the-world-of-shareholder-perks-and-benefits-356147). Don't panic when they go down for a few days; you want to be in the market for the long haul. It's fun, but it is gambling in a sense. Only risk what you can afford to lose.@Jill_L wrote:
I would love to get into stocks. I feel like I'm behind the 8 ball with no experience. Is there anything you would suggest in order to "break in?"
@shoptastic wrote:
@Flash wrote:
Especially during the recession those $10 shops kept me from needing to go into my savings or investments to pay the bills.
Speaking of $10 shops, I picked up some $10 phone shops from Person to Person.
More $ to put into my millionaire jar. $20 here....$8....$7 there....it adds up months end.
@Niner wrote:
So what would you do with it? How would you see your life changing if you reached this magical figure?
Liked by: Professional Guest
@shoptastic wrote:
@Flash wrote:
Especially during the recession those $10 shops kept me from needing to go into my savings or investments to pay the bills.
Speaking of $10 shops, I picked up some $10 phone shops from Person to Person.
More $ to put into my millionaire jar. $20 here....$8....$7 there....it adds up months end.
Liked by: iShop123, Irene_L.A., kimmiemae