Your View On If-come v. Income

[crossbody]

I was told that...

Ifcome is what your money can earn if the markets does well

income is what brings you money from investments outside of the market.

 

[rampart]

"ifcome?" "do not count our chickens before they hatch." confucious

"you do not even count wages from honest labor as income? i wish you were the irs.

 

[Cellblock2429]

I was told that...

Ifcome is what your money can earn if the markets does well

income is what brings you money from investments outside of the market.

/-----/ Stop listening to that idiot. "While households in the middle of the wealth distribution tend to hold most of their wealth in the form of physical assets (such as real estate or vehicles), households at the top are more heavily invested in stocks and, especially at the very top, private businesses." - Federal Reserves of Richmond.

 

[Lisa558]

I was told that...

Ifcome is what your money can earn if the markets does well

income is what brings you money from investments outside of the market.

That’s silly. “IF” my stocks increase by 30% next year, I’ll make a fortune!

 

[Cellblock2429]

That’s silly. “IF” my stocks increase by 30% next year, I’ll make a fortune!

/----/ Over the years, I've learned that most people who throw rocks at the stock market, don't know the first thing about it. I've averaged 30% a year over the last 15 years except for three years. Once I was down 10% and the other I just broke even.

Real Estate has it's benefits too but the start up capital is high, and it takes longer to generate wealth. You can open a brokerage account for about $1,000, buy some dividend paying ETFs and generate income every three months. Or, reinvest those dividends and watch your portfolio grow. Later you can earn more by trading stock options.

You can't do this in socialist or communist countries.

 

[Harpy Eagle]

That’s silly. “IF” my stocks increase by 30% next year, I’ll make a fortune!

only if you sell them when they are up 30%...thus the IF

 

[Harpy Eagle]

/----/ Over the years, I've learned that most people who throw rocks at the stock market, don't know the first thing about it. I've averaged 30% a year over the last 15 years except for three years. Once I was down 10% and the other I just broke even.

Real Estate has it's benefits too but the start up capital is high, and it takes longer to generate wealth. You can open a brokerage account for about $1,000, buy some dividend paying ETFs and generate income every three months. Or, reinvest those dividends and watch your portfolio grow. Later you can earn more by trading stock options.

You can't do this in socialist or communist countries.

The citizens of China cannot invest in the Shanghai Stock Exchange?

 

[Lisa558]

/----/ Over the years, I've learned that most people who throw rocks at the stock market, don't know the first thing about it. I've averaged 30% a year over the last 15 years except for three years. Once I was down 10% and the other I just broke even.

Real Estate has it's benefits too but the start up capital is high, and it takes longer to generate wealth. You can open a brokerage account for about $1,000, buy some dividend paying ETFs and generate income every three months. Or, reinvest those dividends and watch your portfolio grow. Later you can earn more by trading stock options.

You can't do this in socialist or communist countries.

You’ve done better than me, but I’ve averaged 14% a year over the last 10 years, which is triple what one could have earned in other investments during that time.

When I calculate out my return over the course of the next 30 years - throughout retirement - I have used 6% as a very cautious rate. I still end up with money left over.

Although I admit I did just plunk down a good bit in gold - the first time I’ve ever held precious metals in my 35 years of investing - as a hedge in case the useful idiots elect Kamala and they reinstitute inflationary policies.

 

[Cellblock2429]

The citizens of China cannot invest in the Shanghai Stock Exchange?

/----/ Yes they can. China has been moving away from strict communism for the last 35 years.

https://www.cato.org/policy-report/january/february-2013/how-china-became-capitalist

In the communist East, there was no stock market, and people were exposed to strongly negative views about capitalism in general and the stock market in particular.
More specifically, in Communism: The government owns all the businesses and properties (the means of production). There is no freedom of speech.
Keep in mind, at any time, like most dictatorships, a communist government can seize your property.

 

[Cellblock2429]

You’ve done better than me, but I’ve averaged 14% a year over the last 10 years, which is triple what one could have earned in other investments during that time.

When I calculate out my return over the course of the next 30 years - throughout retirement - I have used 6% as a very cautious rate. I still end up with money left over.

Although I admit I did just plunk down a good bit in gold - the first time I’ve ever held precious metals in my 35 years of investing - as a hedge in case the useful idiots elect Kamala and they reinstitute inflationary policies.

/----/ Thanks. I own some Canadian gold coins gong back to when it was $350 an ounce. I also hold a spider GLDM and silver trust SLV. I'm 73 and am holding more cash and a mutual fund, SWPPX, to insure I never run out of money.

 

[Cellblock2429]

only if you sell them when they are up 30%...thus the IF

/----/ True, but both dividends and options are guaranteed income. You need to keep your money in bank CDs paying 2% a year. That way you only lose 1.5% a year due to inflation.

 

[Lisa558]

/----/ Thanks. I own some Canadian gold coins gong back to when it was $350 an ounce. I also hold a spider GLDM and silver trust SLV. I'm 73 and am holding more cash and a mutual fund, SWPPX, to insure I never run out of money.

Nice going!

I know I bought into gold a little late, but like I said, it’s for a hedge in case Kamala wins and the market crashes. I stuck with gold bars. Also bought some silver, as there seems to be more upside in that.

Plus, over the years, starting in the 80s, I’ve bought a lot of gold jewelry I could always trade if things get bad. Current appraisals have my earlier pieces at 10x the purchase price.

 

[Moonglow]

/----/ Over the years, I've learned that most people who throw rocks at the stock market, don't know the first thing about it. I've averaged 30% a year over the last 15 years except for three years. Once I was down 10% and the other I just broke even.

Real Estate has it's benefits too but the start up capital is high, and it takes longer to generate wealth. You can open a brokerage account for about $1,000, buy some dividend paying ETFs and generate income every three months. Or, reinvest those dividends and watch your portfolio grow. Later you can earn more by trading stock options.

You can't do this in socialist or communist countries.

Really, then how is it that yer side calls the other side commies yet you live as a capitalist?

 

[Moonglow]

Nice going!

I know I bought into gold a little late, but like I said, it’s for a hedge in case Kamala wins and the market crashes. I stuck with gold bars. Also bought some silver, as there seems to be more upside in that.

Plus, over the years, starting in the 80s, I’ve bought a lot of gold jewelry I could always trade if things get bad. Current appraisals have my earlier pieces at 10x the purchase price.

The market is not going to crash.

 

[Cellblock2429]

Really, then how is it that yer side calls the other side commies yet you live as a capitalist?

/—-/ Say what?

 

[crossbody]

ABC will be doing lots of fake "Kamala has the lead" headlines in hopes of stopping the bleeding. I meant to post this in the "Trump Train Coming" thread, sorry.

I just post it one there too.

 

[Lisa558]

/----/ True, but both dividends and options are guaranteed income. You need to keep your money in bank CDs paying 2% a year. That way you only lose 1.5% a year due to inflation.

There’s another way to lock up high returns: an immediate annuity. It’s technically not an interest rate, since the return includes principal, but the one I bought, when interest rates peaked this spring, returns 8%.

What I did was calculate how much more I need beyond my SS payment to cover all my basic expenses, and I moved over an amount from my IRA to an IA that would make up the shortfall. Thus, I know that whatever happens, I can cover my basic living expenses..

 

[crossbody]

There’s another way to lock up high returns: an immediate annuity. It’s technically not an interest rate, since the return includes principal, but the one I bought, when interest rates peaked this spring, returns 8%.

What I did was calculate how much more I need beyond my SS payment to cover all my basic expenses, and I moved over an amount from my IRA to an IA that would make up the shortfall. Thus, I know that whatever happens, I can cover my basic living expenses..

What is an IA? You said you moved an amount from your IRA to your IA.

Do you move a certain amount from your IRA monthly or annually?

 

[crossbody]

I'm not buying any gold or silver. I think that train passed many years ago. Gold is too heavy for it to ever be a thing again.

We live in an investment era of stocks, bonds, real estate, businesses, etc... Money today is "air-money" like debit, tap, etc... Heavy bars of gold and silver will never come back in style. We are not a heavy lifting labor-some generation like they were during the industrial and farming era.

As long as everyone does not own it, the value of it will never rise very high. That's another problem with gold, silver, platinum.

 

[Lisa558]

What is an IA? You said you moved an amount from your IRA to your IA.

Do you move a certain amount from your IRA monthly or annually?

Immediate Annuity.

Also, the beauty of this - besides garnering an 8% return guaranteed for the rest of my life - is that it is not a taxable event (like moving a regular IRA to a ROTH). As long as it was a direct trustee to trustee transfer, there was no tax on the transfer.