Kids First Investment Account

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Yodean
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Re: The Twin Monsters devouring your wealth: Taxation and Inflation

Post by Yodean »

scott wrote: Tue Jun 28, 2022 8:03 pm Soviet Russia tried taxing apple trees; people cried, people cut them down. AI could track every apple, without goons, ostensibly. Russians would still find a way
It would appear that grocery prices in the Russian Federation have come down a bit after an initial parabolic rise in late February. Shortages appear to be rare, apart from fancy imported goods. Lots of domestic goods on sale.

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Re: Kids First Investment Account

Post by harryg »

"70% of retirees would tell their younger selves to start saving earlier"


https://www.cnbc.com/2022/06/25/most-re ... rlier.html


{...} In addition, about half of respondents said they wish they’d have made certain changes earlier to better their current financial situation. This included being more aggressive with their investments {...}


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phsmith1616
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Re: Kids First Investment Account

Post by phsmith1616 »

harryg wrote: Wed Jun 29, 2022 2:34 pm "70% of retirees would tell their younger selves to start saving earlier"


https://www.cnbc.com/2022/06/25/most-re ... rlier.html


{...} In addition, about half of respondents said they wish they’d have made certain changes earlier to better their current financial situation. This included being more aggressive with their investments {...}


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That spine growing serum is very much needed these days. :lol: :lol: :lol:
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SOL
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Re: Kids First Investment Account

Post by SOL »

harryg wrote: Wed Jun 29, 2022 2:34 pm "70% of retirees would tell their younger selves to start saving earlier"


https://www.cnbc.com/2022/06/25/most-re ... rlier.html


{...} In addition, about half of respondents said they wish they’d have made certain changes earlier to better their current financial situation. This included being more aggressive with their investments {...}
Harry that cracked me up. Jokes aside, most of today's investors even those who went through the tough times forget that investing is not always going to be fun and games or one direction trip. And while going through such a phase is not a pleasant thing, it is part and parcel of being a long-term successful investor, especially during these times when there is so much money out there, that markets be manipulated with ease. All we need to do is remember the 2008 -2009 crash, it really looked like the end of the world, but for the Astute it was a monumental opportunity in the making.

I have found out the saying no pain no gain aptly applies to the stock market
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply

The end is always near; its the beginning and how you live each moment that counts the most
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