Comparing Stock Market Strategies
Quote: billryanWarren Buffet seeks out undervalued stocks. He is the ultimate value investor. I guess he is also wrong.
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you are correct
he has also recommended the index
he has recommended both
to clarify - not buying undervalued companies is my personal preference - I should not have implied that it is a wrong strategy
here is the link where he wins a bet on the S&P 500 - and another link where he recommends buying the index
https://www.cnbc.com/2024/10/09/warren-buffetts-sp-500-bet-paid-off-some-experts-say-it-may-be-time-to-diversify.html
https://seekingalpha.com/article/4070923-warren-buffett-says-that-99-percent-of-investors-should-not-even-try-to-beat-the-market
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Quote: lilredrooster]
here is the link where he wins a bet on the S&P 500 - and another link where he recommends buying the index
One bet doesn't mean very much.
Quote: lilredrooster]
here is the link where he wins a bet on the S&P 500 - and another link where he recommends buying the index
One bet doesn't mean very much.
Quote: billryanQuote: DRich
Diversification is fine if you want to play it safe. If you want to win, just buy undervalued stocks.
I am terrible at picking stocks because I don't put the time and effort in. When buying a stock you should put in the same amount of time and effort as you would if you were buying the whole company. People seem to forget that when you buy stock you are buying a company.
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You are really buying into the companies management.
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Absolutely. If you don't understand the management, understand the labor agreements, and understand that industry you shouldn't be buying part of the company.
Quote: DRichQuote: billryanQuote: DRich
Diversification is fine if you want to play it safe. If you want to win, just buy undervalued stocks.
I am terrible at picking stocks because I don't put the time and effort in. When buying a stock you should put in the same amount of time and effort as you would if you were buying the whole company. People seem to forget that when you buy stock you are buying a company.
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You are really buying into the companies management.
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Absolutely. If you don't understand the management, understand the labor agreements, and understand that industry you shouldn't be buying part of the company.
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What sux is finding a company that checks all the boxes, only to have BlackRock swallow it
Quote: DRichQuote: billryanQuote: DRich
Diversification is fine if you want to play it safe. If you want to win, just buy undervalued stocks.
I am terrible at picking stocks because I don't put the time and effort in. When buying a stock you should put in the same amount of time and effort as you would if you were buying the whole company. People seem to forget that when you buy stock you are buying a company.
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You are really buying into the companies management.
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Absolutely. If you don't understand the management, understand the labor agreements, and understand that industry you shouldn't be buying part of the company.
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Uhhhhh….. no!!!!!
I understand NONE of those things more than cursorily.
But as a working stiff who made enough money to be able to save/invest a bunch of it, what BETTER options did I have compared to ‘stocks’? So I bought TSLA knowing really NONE of the things you say I NEED to know before buying a stock. I’m not sure if I buy the second house if I didn’t buy that TSLA.
Quote: SOOPOO
Uhhhhh….. no!!!!!
I understand NONE of those things more than cursorily.
But as a working stiff who made enough money to be able to save/invest a bunch of it, what BETTER options did I have compared to ‘stocks’? So I bought TSLA knowing really NONE of the things you say I NEED to know before buying a stock. I’m not sure if I buy the second house if I didn’t buy that TSLA.
Too simplistic! Did the guy that won Powerball invest wisely?
I am just saying that people would be much better off if they did due diligence. So much can be learned by even just reading the 10k's and 10Q's. Of course, I always read them and I am terrible at picking stocks because I haven't done enough homework. I still think if you want to invest at the highest levels treat every stock as if you are buying the whole company. If you want to buy Tesla stock, look at it as if you were spending the $1.37 trillion dollars to buy the whole company, is that a good price for the company? People focus on the stock price without thinking about what is the value of the company.
Quote: DRichQuote: SOOPOO
Uhhhhh….. no!!!!!
I understand NONE of those things more than cursorily.
But as a working stiff who made enough money to be able to save/invest a bunch of it, what BETTER options did I have compared to ‘stocks’? So I bought TSLA knowing really NONE of the things you say I NEED to know before buying a stock. I’m not sure if I buy the second house if I didn’t buy that TSLA.
Too simplistic! Did the guy that won Powerball invest wisely?
I am just saying that people would be much better off if they did due diligence. So much can be learned by even just reading the 10k's and 10Q's. Of course, I always read them and I am terrible at picking stocks because I haven't done enough homework. I still think if you want to invest at the highest levels treat every stock as if you are buying the whole company. If you want to buy Tesla stock, look at it as if you were spending the $1.37 trillion dollars to buy the whole company, is that a good price for the company? People focus on the stock price without thinking about what is the value of the company.
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I’m saying there is NO WAY that I can do this. Me thinking I have the ability to determine the value of a multibillion dollar company would be the height of hubris. I sort of try, of course. When TSLA was $100 billion I thought it was way overvalued. Same at $200 billion. And $300 billion. And now $1.3 trillion. So if someone offered it to me for $100 billion a few years ago, my ‘analysis of what the company is worth’ would have PREVENTED me from buying, and multiplying my investment THIRTEEN FOLD (and counting).
In THEORY you are correct…. In ACTUALITY it doesn’t work that way.
the idea that you need to do a ton of research and due diligence to do well in the market is of course ludicrous
so many highly educated mutual fund managers who spend all day every single working day going over valuations and such and still underperform
something like 90% or more would have been better off tracking Soopoo's portfolio -
.
Quote: lilredrooster.
the idea that you need to do a ton of research and due diligence to do well in the market is of course ludicrous
so many highly educated mutual fund managers who spend all day going over valuations and such and still underperform
something like 90% or more would have been better off tracking Soopoo's portfolio -
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You have a glaring misconception that mutual fund managers are some kind of benchmark of profitability.
This is like saying betting tipsters are the best at predicting sporting events. They are not. Success for these groups of people is determined by marketing and customer acquisition: this is very little to do with performance.
Some of them are highly educated but since this information is already factored into the price of a company it isn't going to help any one. The most brilliant handicapper alive can assess the chances of two teams perfectly but if the line is right they won't bet.
To obtain an advantage over the market you need to have information others do not. A formal education isn't much use there.
Quote: SOOPOO
I’m saying there is NO WAY that I can do this. Me thinking I have the ability to determine the value of a multibillion dollar company would be the height of hubris. I sort of try, of course. When TSLA was $100 billion I thought it was way overvalued. Same at $200 billion. And $300 billion. And now $1.3 trillion. So if someone offered it to me for $100 billion a few years ago, my ‘analysis of what the company is worth’ would have PREVENTED me from buying, and multiplying my investment THIRTEEN FOLD (and counting).
In THEORY you are correct…. In ACTUALITY it doesn’t work that way.
I bought Tesla some years back specifically and I don't disagree with your valuation. The company was overvalued.
However when you incorporate future growth into the price it looked more attractive. I noticed that Tesla were ploughing their profits back into R&D and not paying tax on it. That usually makes for strong growth. Amazon did the same thing. It is legal/ethical tax avoidance.
Whether you use present/future growth as your valuation to a large extent depends on your own goals. I want to hold till 2030-way too long for most investors and mutual funds who get pressure from their clients daily. Neither you or I are right we just have different utility.
Quote: lilredrooster.
so many highly educated mutual fund managers who spend all day every single working day going over valuations and such and still underperform
I think that is my point. So many, and they don't focus they watch most stocks and most of the market. Pick two or three stocks and spend 50 hours a week 52 weeks per year analyzing those companies and determine if they are a good investment.
If you want to be the best, be in the top 0.01% in your industry. The top 10% is not elite. Be elite in whatever you choose to do.
Quote: SOOPOOQuote: DRichQuote: SOOPOO
Uhhhhh….. no!!!!!
I understand NONE of those things more than cursorily.
But as a working stiff who made enough money to be able to save/invest a bunch of it, what BETTER options did I have compared to ‘stocks’? So I bought TSLA knowing really NONE of the things you say I NEED to know before buying a stock. I’m not sure if I buy the second house if I didn’t buy that TSLA.
Too simplistic! Did the guy that won Powerball invest wisely?
I am just saying that people would be much better off if they did due diligence. So much can be learned by even just reading the 10k's and 10Q's. Of course, I always read them and I am terrible at picking stocks because I haven't done enough homework. I still think if you want to invest at the highest levels treat every stock as if you are buying the whole company. If you want to buy Tesla stock, look at it as if you were spending the $1.37 trillion dollars to buy the whole company, is that a good price for the company? People focus on the stock price without thinking about what is the value of the company.
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I’m saying there is NO WAY that I can do this. Me thinking I have the ability to determine the value of a multibillion dollar company would be the height of hubris. I sort of try, of course. When TSLA was $100 billion I thought it was way overvalued. Same at $200 billion. And $300 billion. And now $1.3 trillion. So if someone offered it to me for $100 billion a few years ago, my ‘analysis of what the company is worth’ would have PREVENTED me from buying, and multiplying my investment THIRTEEN FOLD (and counting).
In THEORY you are correct…. In ACTUALITY it doesn’t work that way.
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Have you ever read a corporate report? They are written in plain English that a seventh grader can understand, and the math is stuff you learned by sixth grade. If someone put in half the time it takes to get decent at golf into learning how to pick stocks, they'd know what to look for. If you can find value in European Mens Soccer, you can find value on Wall Street.
Quote: billryanQuote: SOOPOOQuote: DRichQuote: SOOPOO
Uhhhhh….. no!!!!!
I understand NONE of those things more than cursorily.
But as a working stiff who made enough money to be able to save/invest a bunch of it, what BETTER options did I have compared to ‘stocks’? So I bought TSLA knowing really NONE of the things you say I NEED to know before buying a stock. I’m not sure if I buy the second house if I didn’t buy that TSLA.
Too simplistic! Did the guy that won Powerball invest wisely?
I am just saying that people would be much better off if they did due diligence. So much can be learned by even just reading the 10k's and 10Q's. Of course, I always read them and I am terrible at picking stocks because I haven't done enough homework. I still think if you want to invest at the highest levels treat every stock as if you are buying the whole company. If you want to buy Tesla stock, look at it as if you were spending the $1.37 trillion dollars to buy the whole company, is that a good price for the company? People focus on the stock price without thinking about what is the value of the company.
link to original post
I’m saying there is NO WAY that I can do this. Me thinking I have the ability to determine the value of a multibillion dollar company would be the height of hubris. I sort of try, of course. When TSLA was $100 billion I thought it was way overvalued. Same at $200 billion. And $300 billion. And now $1.3 trillion. So if someone offered it to me for $100 billion a few years ago, my ‘analysis of what the company is worth’ would have PREVENTED me from buying, and multiplying my investment THIRTEEN FOLD (and counting).
In THEORY you are correct…. In ACTUALITY it doesn’t work that way.
link to original post
Have you ever read a corporate report? They are written in plain English that a seventh grader can understand, and the math is stuff you learned by sixth grade. If someone put in half the time it takes to get decent at golf into learning how to pick stocks, they'd know what to look for. If you can find value in European Mens Soccer, you can find value on Wall Street.
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it's really quite amusing
he's giving Soopoo advice
if you go back you will see that they both posted what they did last year
and Soopoo crushed him
anyway I got a good laugh
of course he doesn't care if he underperformed some "made up standard" by double digits
"I had a great year" - that's what he says
.
Quote: lilredroosterQuote: billryanQuote: SOOPOOQuote: DRichQuote: SOOPOO
Uhhhhh….. no!!!!!
I understand NONE of those things more than cursorily.
But as a working stiff who made enough money to be able to save/invest a bunch of it, what BETTER options did I have compared to ‘stocks’? So I bought TSLA knowing really NONE of the things you say I NEED to know before buying a stock. I’m not sure if I buy the second house if I didn’t buy that TSLA.
Too simplistic! Did the guy that won Powerball invest wisely?
I am just saying that people would be much better off if they did due diligence. So much can be learned by even just reading the 10k's and 10Q's. Of course, I always read them and I am terrible at picking stocks because I haven't done enough homework. I still think if you want to invest at the highest levels treat every stock as if you are buying the whole company. If you want to buy Tesla stock, look at it as if you were spending the $1.37 trillion dollars to buy the whole company, is that a good price for the company? People focus on the stock price without thinking about what is the value of the company.
link to original post
I’m saying there is NO WAY that I can do this. Me thinking I have the ability to determine the value of a multibillion dollar company would be the height of hubris. I sort of try, of course. When TSLA was $100 billion I thought it was way overvalued. Same at $200 billion. And $300 billion. And now $1.3 trillion. So if someone offered it to me for $100 billion a few years ago, my ‘analysis of what the company is worth’ would have PREVENTED me from buying, and multiplying my investment THIRTEEN FOLD (and counting).
In THEORY you are correct…. In ACTUALITY it doesn’t work that way.
link to original post
Have you ever read a corporate report? They are written in plain English that a seventh grader can understand, and the math is stuff you learned by sixth grade. If someone put in half the time it takes to get decent at golf into learning how to pick stocks, they'd know what to look for. If you can find value in European Mens Soccer, you can find value on Wall Street.
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it's really quite amusing
he's giving Soopoo advice
if you go back you will see that they both posted what they did last year
and Soopoo crushed him
anyway I got a good laugh
of course he doesn't care if he underperformed some "made up standard" by double digits
"I had a great year" - that's what he says
.
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Soopoo just thanked me for a stock I suggested, for whatever that is worth. I'm not sure why you think he crushed me last year, or how that matters. You've no idea what my portfolio consists of, or how it did. I do remember mentioning AIPI lost a percent or two but paid a 34% dividend. As I haven't gotten all my tax reports together, I don't know what last years final results are. Evidently, you do.
Anyone who didn't have a great year during perhaps the greatest bull run in history should be examining what went wrong. I had my best two year run since the Clinton Administration, and hopefully the rest of you did to.
high. I can only imagine the heights they'd be at had I simply bought an S&P 500 fund.
QYLD raised it's dividend from eighteen cents to thirty-three last month but cut it back this month. This, of course, set off some articles about the sky falling after cutting the dividend forty percent plus. Even though the dividend is up more than 11% from last year, the negative naboobs are crowing about the cut in this months payout.
Hypothetical numbers.
2025 Dow is up 3% S&P is up 5% and my portfolio is up 6%. I beat both the Dow and S&P. Did I have a great year?
2026 Dow is up 25% S&P is up 30%. My portfolio is up 22%. I lost to both the Dow and S&P. Did I have a great year?
The OP seems to think 2025 was a good year since I beat the standards but 2026 wasn't as I trailed them. I'm not sure how he can say the year I made 6% was better than the year I made 22% but I'm open to an explanation.
Quote: billryanFood for thought.
Hypothetical numbers.
2025 Dow is up 3% S&P is up 5% and my portfolio is up 6%. I beat both the Dow and S&P. Did I have a great year?
I would never consider doing slightly better than average as great.
Quote: DRichQuote: billryanFood for thought.
Hypothetical numbers.
2025 Dow is up 3% S&P is up 5% and my portfolio is up 6%. I beat both the Dow and S&P. Did I have a great year?
I would never consider doing slightly better than average as great.
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Really?
The Dow is up 30%, S&P is up 37%, You are up 38%. Your portfolio didn't have a great year?
The Dow is even, the S&P is up 2%, and you crushed it gaining 7%. Is that a great year?
It's like playing at a BJ table. Do you care if the player next to you is winning more than you? It is you against the market. Not you vs. mdawg or soopoo or anyone else. Anytime I get near a 20% return, I chalk it up as a great year. Less than around 8%, and it is a disappointing year. I have not had many of those since the 1980s, nor has the overall market.
Quote: billryan
The Dow is even, the S&P is up 2%, and you crushed it gaining 7%. Is that a great year?
That one may be close to great as you exceeded the average by 350%,
Quote: DRichQuote: billryan
The Dow is even, the S&P is up 2%, and you crushed it gaining 7%. Is that a great year?
That one may be close to great as you exceeded the average by 350%
There was one month the market was -2% but my investments were +3%. By what percentage did I exceed the market during that time frame?
When I was basically 100% in stocks, I disagreed with Billy on what was a ‘good’ year versus a ‘bad’ year. If the market was flat but I made 3% I considered that a good year. If the market was up 20% but I was up 16% I considered that a bad year. When I say good or bad, all I am comparing it to is a reasonable expectation of what my performance should be. Not if it is directly good for my net worth.
Quote: DRichQuote: billryan
The Dow is even, the S&P is up 2%, and you crushed it gaining 7%. Is that a great year?
That one may be close to great as you exceeded the average by 350%,
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So the year I made 7% might have been great, but the year I made 37% wasn't
Quote: billryanQuote: DRichQuote: billryan
The Dow is even, the S&P is up 2%, and you crushed it gaining 7%. Is that a great year?
That one may be close to great as you exceeded the average by 350%,
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So the year I made 7% might have been great, but the year I made 37% wasn't
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You’re (supposedly!) a smart guy. You know what he means. Yes. YES!
I’ll phrase it this way. The year you made 7% you overperformed . The year you made 37% you underperformed.
It’s not a complicated concept.
Anyway, despite my tartness towards you, I’m still waiting for a specific stock pick from you!
Quote: billryan
So the year I made 7% might have been great, but the year I made 37% wasn't
If you made 37% and the average investor made 65% I would not consider your feat great.
Quote: billryanWould you rather over perform and make seven percent or underperform and make 37%
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You just don’t understand what the rest of us are talking about. Of course if you ask the question this way…. Would you rather make 37% or 7%, the answer is easy. Your 37% wins.
The rest of us are answering this question. I’ll wait for your answer.
Would you rather outperform the market by 4% or underperform it by 3%?
We mere mortals can’t affect the overall ‘market performance’, but we CAN affect how WE do compared to it.
Its really a simple concept.
Quote: billryanI don't care if I underperform or overperform the market. I care about my return. Nothing else matters to me. I've no idea why it is important to you. I'd rather have money for an extra vacation than a trophy for outperforming a fictional entity.
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It’s amazing that you can’t see how stupid your post is, especially on a ‘math oriented’ forum. Last comment on your inanity.
You really have NO IDEA why it’s important for someone to want to exceed expectations, rather than underperform them?
I’m out.
Why not explain to me why its important to " beat" expectations? Is it more important to beat expectations than to beat inflation? The only thing I can recall about expectations is a story called "Keeping up with the Joneses." and everyone knows how that ends up..
Silly me. I wasted fifty years investing to make money when I should have concentrated on beating the S&P. Who knows? I might have had the money for a second set of poloponies.
I am beginning to understand why some people fear investing in individual stocks.
I'll leave you with one final pick- Coca-Cola. In a market trying to anticipate horrific tariffs, Coke seems well-positioned. It's off its highs and pays a decent dividend. My reinvested money is going into JEPI, JEPQ and Coke this month. I'm not putting any new money in, for now.
I asked if people would rather beat the market or have a higher return. I'm amazed by the answers I'm getting. It wasn't a trick question.
That is a hypothetical offer.
Quote: billryanIf I guaranteed you a 20% Return per year for the next ten years, would you take it and not care how the S&P does?
That is a hypothetical offer.
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That’s a heck of a Sharpe ratio!
You are talking to the CAPM crowd, you should have went with 8.5-9.5% instead of 20%.
Quote: billryanIf I guaranteed you a 20% Return per year for the next ten years, would you take it and not care how the S&P does?
That is a hypothetical offer.
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Up the offer. Russia is offering 25%
Quote: billryanIf I guaranteed you a 20% Return per year for the next ten years, would you take it and not care how the S&P does?
That is a hypothetical offer.
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Yes. I’d take it. Because I know the ‘market’ Will go up on average 8-10% a year. So I’d be BEATING the market.
I already own Coke for decades. Will buy the JEPI stock you mentioned.
Quote: SOOPOO
Yes. I’d take it. Because I know the ‘market’ Will go up on average 8-10% a year. So I’d be BEATING the market.
Are you really sure the market will go up by 8-10% in the coming years? That seems to be one hell of an assumption.
There is roughly 10 trillion tied up directly in AI in the S&P 500. It seems a majority of experts think this is way too much investment in emerging technology that often simply doesn't work.
If AI investor confidence collapses it doesn't matter what the rest of the market is doing
Quote: Archvaldor1Quote: SOOPOO
Yes. I’d take it. Because I know the ‘market’ Will go up on average 8-10% a year. So I’d be BEATING the market.
Are you really sure the market will go up by 8-10% in the coming years? That seems to be one hell of an assumption.
There is roughly 10 trillion tied up directly in AI in the S&P 500. It seems a majority of experts think this is way too much investment in emerging technology that often simply doesn't work.
If AI investor confidence collapses it doesn't matter what the rest of the market is doing
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No, I’m not. So in my specific situation, if you could guarantee me 7%, I’d take it. I don’t need growth anymore. I do need income. But not needing growth is not the same as not wanting growth.
Portfolio balancing is a dance we all try to succeed at. I’ve either been good or lucky at it.
Quote: SOOPOO
No, I’m not. So in my specific situation, if you could guarantee me 7%, I’d take it. I don’t need growth anymore. I do need income. But not needing growth is not the same as not wanting growth.
Portfolio balancing is a dance we all try to succeed at. I’ve either been good or lucky at it.
I agree with you completely there I'd definitely take the 7%. That would be fantastic for zero time investment.
Though, seems like for a truly balanced portfolio you'd need more international diversification, some gold, maybe a tiny amount of crypto etc.
Betting on the S&P 500 to me seems more like a martingale than a certain return. Most of the time you get a small profit but when the shit hits the fan I would not want to be holding an index fund.
Quote: Archvaldor1Quote: SOOPOO
No, I’m not. So in my specific situation, if you could guarantee me 7%, I’d take it. I don’t need growth anymore. I do need income. But not needing growth is not the same as not wanting growth.
Portfolio balancing is a dance we all try to succeed at. I’ve either been good or lucky at it.
I agree with you completely there I'd definitely take the 7%. That would be fantastic for zero time investment.
Though, seems like for a truly balanced portfolio you'd need more international diversification, some gold, maybe a tiny amount of crypto etc.
Betting on the S&P 500 to me seems more like a martingale than a certain return. Most of the time you get a small profit but when the shit hits the fan I would not want to be holding an index fund.
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I do have a decent amount in international ETFs. India, Pacific rim, developing nations, Europe, plus a bunch of individual stocks via ADR.
A teeny bit in one gold ETF
Zero in crypto. Probably should have some. I do own coinbase if you count that as crypto.
As far as the ‘time’ idea. I got tons of time! Retired, and I enjoy both my investing time, as well as my sports betting time. I don’t consider either work.
Quote: lilredroosterdeleted - mods please delete - thanks
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Of course!
Quote: SOOPOO...if you could guarantee me 7%, I’d take it. I don’t need growth anymore.
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NYC Board of Ed teachers and administrators have the option to invest all or part of their retirement plan savings in a guaranteed return plan. This is separate from their pension. The balance for any money invested in that option is guaranteed against any loss and has a guaranteed 7% annual rate of return. It's better than that, since the interest payments occur monthly and compound at the 7% rate.
When the S&P real returns including dividends adjusted for inflation, fell 12% in 2000, 13% in 2001, 24% in 2002, 36.5% in 2008, and 23% in 2022, the account balances for that option never lost a dime and increased at the annual 7% guaranteed rate.
AP's can get 8% and Principals can get 9%.
Quote: SOOPOOQuote: Archvaldor1Quote: SOOPOO
No, I’m not. So in my specific situation, if you could guarantee me 7%, I’d take it. I don’t need growth anymore. I do need income. But not needing growth is not the same as not wanting growth.
Portfolio balancing is a dance we all try to succeed at. I’ve either been good or lucky at it.
I agree with you completely there I'd definitely take the 7%. That would be fantastic for zero time investment.
Though, seems like for a truly balanced portfolio you'd need more international diversification, some gold, maybe a tiny amount of crypto etc.
Betting on the S&P 500 to me seems more like a martingale than a certain return. Most of the time you get a small profit but when the shit hits the fan I would not want to be holding an index fund.
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I do have a decent amount in international ETFs. India, Pacific rim, developing nations, Europe, plus a bunch of individual stocks via ADR.
A teeny bit in one gold ETF
Zero in crypto. Probably should have some. I do own coinbase if you count that as crypto.
As far as the ‘time’ idea. I got tons of time! Retired, and I enjoy both my investing time, as well as my sports betting time. I don’t consider either work.
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So outperforming the S&P or some other benchmark isn't the end-all, be-all?
Again, it doesn't matter what you invest in; it depends on whether you invest early or often.
If you can put $100,000 into your retirement by age thirty, you will almost certainly retire with a million dollars without adding another dime.. If you start saving for retirement at age thirty, you'll need to take well over a half million dollars you could be spending on your family to fund your retirement.
Saving a dollar in your twenties is the same as saving ten dollars in your fifties. More importantly, to me, every dollar you spend on interest in your twenties and thirties is ten dollars you won't have in retirement.
Social Security will not cover your retirement unless you are an exceptionally high earner and are willing to downgrade tremendously.
If you retire early, like I did, Social Security will only replace about a third of your income. Unless you have an outside pension, the rest is on you. It's off-topic, but it is a conversation you should be having.
I don't expect to live for another thirty years, but there is that possibility, and I have to plan for it. I don't want to run out of money at age 89, but I also want to enjoy the next few decades without worrying about the future.
Do you have a plan, or a concept of a plan?
Do you have a plan in place to retire? Are you on pace? It gets late very early in this game, and there are few do-overs.
