Posted on 06/10/2015 7:37:19 AM PDT by shortstop
A stock index fund, or mutual fund, is a continuous offering
Exactly, Loonsberry can kiss my @ss ( ! )
As you say busier and happier. I'm not sure about busier cause work was CRAZY the last few years... but way HAPPIER!
Sorry, while I can agree with Lonsberry that older people should not be disregarded and put aside, I sure as heck don’t want my nose to the grindstone until the day I die! I’m looking forward to retirement as a time when I can step back out of the rat race and do stuff that I really want to do. That doesn’t mean I won’t work, I’ll have to in order to supplement my retirement account and SSN, so I can afford to do the extras, such as traveling, but in a no pressure job, part-time.
Huh?
A company is authorized to issue and sell a certain number of shares of stock. An initial IPO sells shares to the general public. They don't keep on putting additional shares out there. That would have the effect of diluting earnings per share and that's the last thing a company wants to do! In fact, if you read the financial pages, a lot of companies - such as Apple - are actively buying shares back. They're cash rich and this is one way they can bump up earnings per share.
I retired in 2002 at the age of 53 and I have only one regret — I should have done it 10 years sooner.
Every day is another Saturday.... I love being retired. It is important to have a good retirement income and it’s a good idea to have accumulated and paid off most of the toys you like the most. I have all but one of those toys and I am working on that right now. ;>)
My bride of over 43 wonderful years continues to work, but that is because she still loves her job, and well, I like the mad money she brings in...and she is going to pay for that last big toy. ;>)
I have many serious health issues that in time would have forced me to retire, so for me it has all worked out. For each new health issue, I adjust, find workarounds, and continue to have as much fun as my mind and body will allow me to have.
I think that for me, having my bride - whom is my wonderful best friend- and God hanging out with me, has helped to make this retirement time enjoyable.
This past week I washed my beautiful boat, worked on putting in a flagstone walk and learned how to completely overhaul my Stihl weed trimmer ( I couldn’t believe that the cam on this thing is made of plastic!!!).
This next week I am going to work on building a rock garden and install a fountain in our pond. When I am done with those projects, I might go camping and watch my dog run on the beach.
~~ just livin’ life~~
You said you bought index mutual funds and how does that benefit the economy. As the mutual fund grows they buy more stock in the underlying companies which creates buying pressure normally helping to increase the share price which helps the capitalization of the issuing company which in turn helps then in many business related ways.
The only major goal I have left in life is retiring. Anybody that stands in the way of that is gonna wind up in a hole in the desert.
I cannot wait to retire. I hope to do some traveling, learn woodworking, maybe build a boat, do some fishing, sailing, all kinds of things.
I’d retire tomorrow if I could afford it.
How does it help the capitalization of the issuing company? They don't see any money from sales of their stock on the secondary market.
Which helps the economy more? Taking my $25,000 in dividends and buying more stock from the secondary market, or me taking that $25,000 and paying local small businesses to remodel my home?
Im a ways from retiring, if ever, but one thing id like to do is serve on a Grand Jury. I was offered this once but FedEx would have killed me if i signed up! I joked with my boss at the time that i did. Apparently its a several week stint.
Anyone done this after retirement?
Ps...i terminted auto spell checker and it shows!
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