I have written several times about retirement and planning to do so. Today is one of those days when I think about what it all means and what will happen to me if I do decide to go out the door.
Just for the record I pulled most of my 401K out of the stock market when the S&P was above 1400 and put it into the no risk area. But the gambler in me says today is the first day in the rest of my life and if I take the jump today when the market is at the bottom I could make millions---I know for sure that these are the times when millionaires are made but I can't for the life of me make the leap. If I was sure I was working five more years I'd make the leap and hang on for dear life.
Does getting older make you wiser---nope---just, perhaps, a little more cautious. But if I were a youngster today I'd buy $2000 worth of AIG stock. The FEDS have already demonstrated that they won't let them fail by loaning them $123 Billion---heck I'd settle for 1/10th of 1% of that. See I'm not too greedy.
Some say the world will end with fire.
Others say with ice.
From what I've tasted of desire
I hold with those that favor fire.
But if I had to perish twice,
I think I know enough of hate,
To say that for destruction ice,
Is also great and would suffice.
Robert Frost
"YOU CAN'T FIX STUPID" - Ron White
"Good things come to those who wait, but, only the things LEFT by those who hustle." - Unknown (at least by me)
"Life is wonderful, without it you are dead." - Hy "Pete" Peterson - Park City and Kenecott Miner
"Don't worry about those people in your past---there is a reason they are not in your present." - Unknown
"Life's tough - it's even tougher if you're stupid." - John Wayne
"The only place success comes before work is in the dictionary!" - Vince Lombardi
"If you aren’t living on the edge, you’re probably taking up too much space.” ~ Attributed to Jim Whittaker by Doug ‘Swani’ Swantner, Alaska Smokejumper and Air Attack Base Manager (Ret.)
Others say with ice.
From what I've tasted of desire
I hold with those that favor fire.
But if I had to perish twice,
I think I know enough of hate,
To say that for destruction ice,
Is also great and would suffice.
Robert Frost
"YOU CAN'T FIX STUPID" - Ron White
"Good things come to those who wait, but, only the things LEFT by those who hustle." - Unknown (at least by me)
"Life is wonderful, without it you are dead." - Hy "Pete" Peterson - Park City and Kenecott Miner
"Don't worry about those people in your past---there is a reason they are not in your present." - Unknown
"Life's tough - it's even tougher if you're stupid." - John Wayne
"The only place success comes before work is in the dictionary!" - Vince Lombardi
"If you aren’t living on the edge, you’re probably taking up too much space.” ~ Attributed to Jim Whittaker by Doug ‘Swani’ Swantner, Alaska Smokejumper and Air Attack Base Manager (Ret.)
About Me
- Dee Ice Hole
- I am married and have seven children and twenty grandchildren. I retired January 1, 2010 after working 39+ years for the Forest Service...NEW CHAPTER IN MY LIFE HAS BEGUN!
3 comments:
If only I had $2000 to invest.
Ah, but a bird in the hand is worth two in the bush. It's still too scary out there in my opinion. Unless of course you just have $2,000 you don't care about. That would be the only way.
These are the times when Millionaires are made---AIG is a penny stock now so investing in it wouldn't cost you much----and trust me in the next five years it will come back---no matter who the President is.
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