Wholesale distributor to state and National Parks.
Involved for decades in the precious metals trading sector. Still enjoy the consideration and thought processes to keep me sharp...I thrive on learning and consider SA to be a superb resource for quality information. The differing perspectives and methodologies are intriguing and on occasion provide an insight I haven't previously utilized.
Best wishes to all,
There is not a lot to say about me as I am pretty ordinary 64+ year old guy in my mind. I like to read in the evenings once I finish "my retirement work" in my Art In Stone business. With the "keep me busy" business doing well and my Postal Service Retirement, my wife and I do not need to touch any of our retirement savings so we are in the pleasant position of being able to invest for a fairly long time frame. I started daily investment research when I retired in November 2007. Through October, 2016 our retirement savings portfolio is up over 100% while withdrawing $1,000. monthly, mostly to pay for college funds for our five grandkids! :-)
Reading investment articles and commentary and being able to react quickly does certainly make a huge difference. I try to find sectors and even individual stocks I believe are beaten down below true value so my interests in regard to investing change based upon my perception of world; political, sentiment, banking and global economies. My wife allows me to manage our investments, but since about 2013, insists on buying some precious metals to hold for our grandkids.
(Update 11/3/2016) We certainly have not always been correct in our investment choices with owning a significant amount of BTU in our dividend paying accounts but even with that huge loss we still remain up over 100% over our holding when I retired over 9 years ago (2007). We are currently buying precious metals with our dividend income and have gone to about 60% in "cash" and 20% in treasuries (the G Fund in our OPM retirement account). We are looking for either a 10% or greater pullback in the US equities or a recession and start of a "bear" market.
If we get a significant pullback of 10% or more, we will invest back into dividend paying equities and lower our cash position to 10% to 30% depending on how large the pullback is.
MORE - OUR BASIC LIFE PLAN
I met my wife when we were 15 and immediately knew I wanted to marry her. My wife and I both grew up "dirt" poor and retired at age 55 after putting our two daughters through four years of college. We were married at age 19 after I got my job with the Post Office as a mailman.
Our kids had to go to school in cloths from the thrift stores but never went hungry like I had too at times. We paid off our home which is built on 3 acres on an Island in Puget Sound. We bought the piece of property in front of ours to be sure we never had neighbors there.
A few years ago we gave that 1.5 acre piece of property to our youngest daughter as she and her husband wanted to build a home on it. Now they and three of our grandkids live next door. Our oldest daughter , her husband and our twin granddaughters, bought two homes on 4 acres right on a beach on Puget Sound and rent out one of the homes to cover 50% of their mortgage.
So, we did not retire in our 30's but we raised our kids to know HOW to save money to afford being able to retire young. Our way to where we are now was not easy as I worked for the Postal Service. I worked all of the overtime I could and invested 50% of the overtime. Over 36 years it grew to the point we could pay off the home, pay 100% of our daughters college costs and still generates enough income for us to live comfortably and to be building college funds for all five of our grandkids. We pay for the college funds to allow our children to put more of their income into investing for their retirements.
I will note that our kids and grandkids are not as careful about every dollar they spend as my wife and I were, but they still do better in saving toward retirement than probably 90% of the rest of their generation. The computer I am writing this on is a low end one we bought about 8 years ago so we remain thrifty but live very well and our net worth is still slightly over $1,000,000. even after giving the 1.5 acres to one of our daughters and paying into college funds for five grandkids.
My wife and I were simply living simple, never getting into affairs or divorce type dramas and investing into our retirements BEFORE using credit cards, taking expensive vacations or buying the latest, newest "must have" things so many kids seem to need to "live". I still buy my jeans at Costco and most of the rest of what I wear on sale. We drive only used cars but they are well maintained and dependable.
Frankly, wealth is easy to attain even without high paying jobs requiring a college education. I never even had the opportunity to go to college due to the need for both my wife and I to escape abuse by getting married at age 19 and needing to work to afford a decent life for our two daughters.
Be thrifty, save and invest, make good choices in life relationships, be kind to others, use coupons, understand that life does not require everything you own to be bought new, even toasters are CHEAP at a thrift store. You may not be fortunate enough to retire in your thirties but you should be able to retire much younger than most your age.......
Have spent the majority of my career in the energy industry. Took a detour many years ago into the financial services industry as a "stock broker". Realized I liked investing and trading but mainly for myself. Probably because it was the early 2000's. Funny, but things are starting to look and feel like it was in the late 1990's. Concerns me greatly but week after week, month after month, year after year, my concerns are shown to be unfounded. Looking forward to retiring some day and being able to manage my investments full time. Just can't get enough of looking at those charts ad deciphering the technicals.
I'm a news junkie (TV and print). Love to read and find my own investments although I'm usually holding a subscription to some service that makes recommendations I follow. The psychy of the Market fascinates me. As does technical analysis.
In the US, I am currently fully long: JNJ, UNP, CSCO, MSFT, ORCL, TROW, ADM and MGNA
In Germany, I am currently fully long: BASF, Munich Re and Henkel
In France, I am long ENGI
In the UK, I have full positions in BHP, RDSB, Unilever.