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The Economy

Discussion in 'Sports and News' started by TigerVols, May 14, 2020.

  1. WriteThinking

    WriteThinking Well-Known Member

    Oh, we actually do that, for all the people who pretend they don't know how, even though their 6-year-old is excited to do it.:)
     
  2. exmediahack

    exmediahack Well-Known Member

    There is one bonus to self checkout. If you pay in cash and wear a hat, you can usually get every sixth or seventh item for free with no consequence. Just make sure it’s not meat or anything that’ll trigger the alarms.
     
  3. Hermes

    Hermes Well-Known Member

    Aldi’s giant barcodes are amazing. You can scan them from space.
     
  4. BTExpress

    BTExpress Well-Known Member

    Crossthread alert!

    Disaster at Eugene Weekly

    This is why you should check your retirement accounts regularly.
     
    Driftwood likes this.
  5. Twirling Time

    Twirling Time Well-Known Member

    Previous workplace had an Aldi two doors down. It was glorious.

    Never trusted their meats, however.
     
    wicked and Hermes like this.
  6. wicked

    wicked Well-Known Member

    As someone else said, my 401(k) is paper money to me that I don’t expect to have kicking around.

    If it’s still there when I’m 65, that’s a bonus. Hoping SS is there. I don’t anticipate ever retiring, unless a large safe is dropped off in front of my house before 2043, so it’s all irrelevant.

    Part of me thinks I’m going to die in the townhouse we bought, expanded family be damned, because of the ridiculous cheap interest rate. Fiancée doesn’t believe in the extra-mortgage-payment-a-year deal, otherwise we’d be a couple deposits down that road.
     
    maumann and BitterYoungMatador2 like this.
  7. BTExpress

    BTExpress Well-Known Member

    The only words sadder than those are "The cancer has metastasized."
     
    maumann and Driftwood like this.
  8. The Big Ragu

    The Big Ragu Moderator Staff Member

    I don’t want to ever want to retire. I think it would kill me. Of course, I don't want to be working because I have to be working.

    Regarding, retierment savings. ... I don't consider anything I earned "paper money." I work too hard to earn it, and it is certainly real money. If I carry it into a store, it will buy groceries, won't it?

    I don't think it is healthy to obsess about your retirement savings. The typical person should be thinking in terms of an asset allocation mix that historically would have grown their savings sufficiently, while trying to minimize risk through diversification. They probably should only look at it quarterly, just to rebalance the portfolio to stick to the plan they have. They should adjust the plan as they get older and have less time to weather things not working the way they had hoped.

    I don't think the typical equity-fixed income portfolios of the past provides that diversification anymore with what markets have been turned into. Everything is correlated because monetary flows drive everything. We have had a more than a 50-year bond bull market in that environment, which in turn drove an equity bull market. My fear if I had the typical equity-fixed income retirement portfolio would be that the relationship will correlate in the other direction.

    Regardless of that -- disagree if you want -- I think it is a bit scary that so many people think of their retirement savings as money sitting on a routlette table. I'd never put money at any sort of risk unless I saw a good risk-reward ratio based on something empirical. It doesn't guarantee the money will be safe and produce a return, but I only gamble for entertainment, and when I do, not with any kind of real money.
     
  9. The Big Ragu

    The Big Ragu Moderator Staff Member

  10. doctorquant

    doctorquant Well-Known Member

    I'm sitting here at a video poker terminal at a very, very quiet casino bar and sipping on my 2nd screwdriver. That I'm down $25 (but only $5 overall for the trip!) is trivial ... listening in on this NFL argument between the only cocktail waitress and the other only bartender is gold, Jerry, gold!
     
  11. wicked

    wicked Well-Known Member

    I've been told for 30 years that my Social Security won't be there for me, so why count on my retirement savings? I just never think of the retirement account as my net worth today — kind of like how our house has supposedly gone up 30 percent in value over the past three years. Great. It's only worth that much when someone cuts me a check for it.

    As for not retiring, I just don't see myself never not doing anything. No longer working 40-hour weeks? Sure. But I'll probably be working 20. I'm just not a golf guy or a beach guy or a lounging-in-front-of-the-pool guy, anything like that. Since I'll be getting a very late start on the family life, my kid will probably still be in high school or just out of it when I'm 65.
     
    maumann likes this.
  12. LanceyHoward

    LanceyHoward Well-Known Member

    I went to a retirement seminar courtesy to learn more about IRA's. etc. Many people at the seminar were terrified about beginning an unstrutcted life, They had been successful people but they ahd always had someplace to go and something to do. They were worried what they would do without some external sense of direction.
     
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