Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Investments

Seven Bad Habits That Can Ruin Your Retirement

Wednesday, January 30, 2013 - 3:44 PM
From MarketWatch.com:

7 bad habits that can ruin your retirement - MarketWatch

Adding 8.  Ignoring stock market long-term trend dictated by future economy:

It is no longer the 2000 (dot com era) or 2008 (big bear); but one has to examine all the economical climates and ask oneself, "Do I want to entrust my hard-earned money to this casino that has little clarity or hope??"  If not, most of the previous seven habits have to be revised or updated.  For me, it is a unique era that most of the lessons previously learned can be thrown out of the window. 

-- Too many people (e.g., hedge fund managers) are manipultaing the stock market (only a small percentage of those were caught)

-- Incompetent Government who will do the most silly things for the conutry

-- QE3/QE4/... that do nothing but more damage to the economy

-- Common people have no confidence with either the Government or economy

-- We now know all these retirement planning, equity allocation, inflation-fighting, etc. are mostly news-makers or tricks to lure us off our hard-earned money

-- etc.

 

 
9
51hh51hh1,462 posts since
Jan 16, 2010
Rep Points: 6,352
1. Wednesday, January 30, 2013 - 6:58 PM
It does feel most of the time like we are in uncharted waters.  I'm not sure whether the manipulation and incompetence (or even the scale of manipulation and incompetence) are increasing as compared to 10-20 years ago, or whether the media is reporting more actively. 

I think the best course of action is to continue to assess the economic environment, evaluate our individual situation and personal risk tolerance, deploy our resources according to our best judgement, and hope we've made the right call. 
6
pearlbrownpearlbrown1,356 posts since
Nov 2, 2010
Rep Points: 5,955
Reply