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PoindexterOglethorpe

(28,493 posts)

9. I understand.

Thu Sep 22, 2022, 08:45 PM

Sep 2022

My investments are down a similar amount. I happen to have an excellent financial advisor who I trust very much. He has done very well for me over the years. In retirement (I'm 74) my income has gone up. Not a huge amount, but enough to keep me comfortable.

Early in my working life, in the mid-70s, I maxed out the SS deduction for the last two paychecks, and it was astonishing how very much more my paycheck was, even though it wasn't a lot of money.

I have volunteered at a local homeless shelter. I donate food or money to various food or money things. I have more than once mailed checks to personal friends in need.

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I've lost 30% [View all] zipplewrath Sep 2022 OP

I lost a lot too but then I look at what my house is going for and it's kind of Maraya1969 Sep 2022 #1

Yes, a society is judged on how they treat the less fortunate among us Walleye Sep 2022 #2

I also know the market can go up True Blue American Sep 2022 #12

I have learned not to panic over the stock market. Walleye Sep 2022 #13

Republicans are threatening to gut it all if they win. True Blue American Sep 2022 #20

Last year I gained about 10% viva la Sep 2022 #3

I have posted before: ret5hd Sep 2022 #4

I have always been told maxrandb Sep 2022 #5

Exactly. nt TeamProg Sep 2022 #7

Until you hit age 70 and a half, soldierant Sep 2022 #27

30% ?! Yikes. Something is wrong. If you invested any time before the last two years you should TeamProg Sep 2022 #6

This zipplewrath Sep 2022 #11

The Dow topped at 36,000 edhopper Sep 2022 #24

Agrressively invested zipplewrath Sep 2022 #29

I see edhopper Sep 2022 #34

Much like the opposite. True Blue American Sep 2022 #15

The value of my investments are probably down 20% too. But since I haven't sold them I doc03 Sep 2022 #8

I understand. PoindexterOglethorpe Sep 2022 #9

We always looked forward to that max out time. As if you got a raise. True Blue American Sep 2022 #18

Over time, the Dow gains 10%. Sometimes more, sometimes less, sometimes a negative number. PoindexterOglethorpe Sep 2022 #30

I just left Spectrum True Blue American Sep 2022 #31

Good post. Got out when Orange Chosen One was threatening "fire and fury". It's legalized gambling Evolve Dammit Sep 2022 #10

No, it is not "gambling".... brooklynite Sep 2022 #17

I think 1929 would dispute that Evolve Dammit Sep 2022 #38

I lost nothing. You only lose if you have to sell at a loss JohnSJ Sep 2022 #14

I watched many get scared True Blue American Sep 2022 #19

A good number of people panic and do that. Some have to because they need the money JohnSJ Sep 2022 #22

I have too, BUT... brooklynite Sep 2022 #16

Now in my 70s and find that I'm multigraincracker Sep 2022 #21

I am in the same place as you are. llmart Sep 2022 #25

Your edhopper Sep 2022 #23

My portfolio is down 17% over the last 2years. That just means prices are going down before the next Bucky Sep 2022 #26

"Trickle up" is actually called the multiplier effect Warpy Sep 2022 #28

If you do not have the money, do not buy. True Blue American Sep 2022 #32

Oh, hell, just invest in a paperback cookbook and learn how to cook Warpy Sep 2022 #36

I have done scratch cooking True Blue American Sep 2022 #39

My own mother hated cooking and it showed Warpy Sep 2022 #40

Sorry my post was messed up. True Blue American Sep 2022 #42

speculation is speculation because its speculative. if you invest, invest long term & leave it alone FreepFryer Sep 2022 #33

I've lost nothing Johnny2X2X Sep 2022 #35

I have been out of the market for a long time. Dysfunctional Sep 2022 #37

I just did the math, I am down 23% but RazzleCat Sep 2022 #41

Yes, sounds like a lot of profit True Blue American Sep 2022 #43

To be prepared to lose up to 50% at any given time PoindexterOglethorpe Sep 2022 #44