I am 70 and went back to work last year because of inflation. We barely make it now. I hope I stay healthy for a long time because I can't afford to retire again. And I started out with 500,000. Didn't realize that wouldn't be enough...
Ok..Doug is showing how debt is strangling growth..I understand but as American citizen , 81 yr old DIY very meager stock mkt investor comfortable life style what should we do with info Doug brings to us??..I’m not in position to loose money I’ve worked so hard to build. If I sell shares (not 401 or IRA) in my portfolio on any large scale I’m looking at capital gains taxes all at once for that tax yr ..(sure I have 20%in cash/short bonds to buy on dip but I’d rather not play waiting game..)
It’s like a waiting game ..on stock mkt down turn on scale of pandemic or 2008…I follow Tom Dyson best I can but I’m not protected as he advises..anyway I’m rambling so enough
Sell 50% of stocks with good profits, especially tech stocks. Pay the tax and shift the remaining to gold ETF and gold stocks when correcting (like now). Eventually buy a long dated far out the money put option on QQQ, for instance 400 Put January 2028 with 2% or 3% of your capital.
As Alaisdair Macleod says, "Get the hell out of credit and into gold."
I am 70 and went back to work last year because of inflation. We barely make it now. I hope I stay healthy for a long time because I can't afford to retire again. And I started out with 500,000. Didn't realize that wouldn't be enough...
Ok..Doug is showing how debt is strangling growth..I understand but as American citizen , 81 yr old DIY very meager stock mkt investor comfortable life style what should we do with info Doug brings to us??..I’m not in position to loose money I’ve worked so hard to build. If I sell shares (not 401 or IRA) in my portfolio on any large scale I’m looking at capital gains taxes all at once for that tax yr ..(sure I have 20%in cash/short bonds to buy on dip but I’d rather not play waiting game..)
It’s like a waiting game ..on stock mkt down turn on scale of pandemic or 2008…I follow Tom Dyson best I can but I’m not protected as he advises..anyway I’m rambling so enough
Sell 50% of stocks with good profits, especially tech stocks. Pay the tax and shift the remaining to gold ETF and gold stocks when correcting (like now). Eventually buy a long dated far out the money put option on QQQ, for instance 400 Put January 2028 with 2% or 3% of your capital.
Don't wait for anything!
If you have to take a hit with tax, better that you buy physical gold and silver with what you're left with than losing everything.
Also gold and silver mining stocks are worth educating yourself in.