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Retirement Planning.....

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Money Talk > Retirement Planning

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coaster
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quote:
Originally posted by RichS
And to KatherineLee88 if you don't believe that investing is gambling

I think that gambling is a point of view or a state of mind or an approach to an activity, not the instrinsic activity itself. People who find a thrill in leaping before looking will find investing to be gambling because they likely take the same approach: put their money into something hoping for a gain without an understanding of what the investment is or what risk it entails.

In my opinion, putting one's money at risk is not gambling when one understands what the risk is, and accepts that risk; and does it not for the thrill or the uncertain hope of gain, but because dispassionate due diligence was done to show that the probability of gain exceeds the probability of loss. And I think the key words are the words with the D's ---- dispassionate due diligence. When emotions get mixed in, fear of loss and greed for gain can tip the approach toward gambling and away from investing.

It's unfortunate that the financial talking heads frequently use language commonly associated with gambling to discuss an activity that, for most, is not gambling, but a proven methodology to accumulate wealth.

In fact, I go so far as to say that speculation, which for many IS equated with gambling, is not gambling, when the proper mental approach and methodolgy is taken. I trade futures. For me, that's not gambling. But its not investing, either. It's speculation. And done properly, it can be financially rewarding.

quote:
Originally posted by KatherineLee88
Investing is gambling if you're not doing it properly.
Since I am doing it properly, I am investing - not gambling.


I wish I'd had that kind of wisdom at her age. Smile
Post Fri Mar 04, 2011 8:05 am
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misaelwade
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Retirement planning begins with setting clearly defined life goals and putting together a financial plan to achieve those goals upon retirement. Savers must begin to plan early in order to take advantage of compound interest and avoid financial risk. The greatest risk to a good retirement is the prospect of outliving your money. Retirement planners must calculate the expense of accomplishing their respective life goals and retirement dreams.
Post Wed May 25, 2011 9:38 am
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harrywinston
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I will say that in your retirement time just get healthy. In the retirement for years, the best thing you can do if you want to set up a lifelong, healthy nutrition and exercise habits. So your spending habits, but will go a long way to increase the financial resources due to the high costs of the depletion of the medical and long term care, retirement in the years to the prevention of the invoices.
Post Tue May 31, 2011 12:41 pm
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patmil
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Consider that the longer you invest with investment "professionals" the more you are going to feed into their coffers!

With real returns being so low their "small percent" fees can decimate your long term savings.

There are a number of other investment options to consider.
Post Tue May 31, 2011 4:37 pm
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misaelwade
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Retirement planning begins with setting clearly defined life goals and putting together a financial plan to achieve those goals upon retirement. Savers must begin to plan early in order to take advantage of compound interest and avoid financial risk. The greatest risk to a good retirement is the prospect of outliving your money.
Post Fri Jun 03, 2011 5:53 am
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yingxuy
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People have lost their investment money to do so because they do not diversify, to understand their investments and they are willing to weigh the risk. If they do, they will not be you suggesting that they are losers.
Post Tue Dec 06, 2011 2:52 am
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Fidwealth
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I came across this interesting website. I called them up and they were very professional.

http://www.fiduciarywealth.eu
Post Tue Dec 06, 2011 11:33 am
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robmejia
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It sure is about not merely dreaming on a happy retirement but acting on it. While you're at it, why not check out sites that offer assistance in senior living. That way, you get to receive good tips on how to achieve that happy retirement that you're aiming for.
Post Tue Dec 06, 2011 4:39 pm
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jame31kle
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If we are planning about retirement then first should think that what you do after retirement...and do some unique business from which you get benefits.
Post Thu Mar 08, 2012 6:03 am
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FiNQ
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Retirement planning is a huge step towards your retirement. People might think they have a nice retirement plan but if you look back at it when you are retired you'll see your mistakes over time.
Post Fri Mar 16, 2012 2:55 pm
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huress
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I believe that everyone should plan his or her life after retirement. Because government can only give you limited facilities which are not enough.
Post Sun Apr 22, 2012 8:13 am
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