The New “What did you do with your Z today” (with off topic replies) XXXV

bunk · 03-25-2020, 08:42 AM

Just remember:
“Be fearful when others are greedy, and be greedy only when others are fearful.”

Spooler · 03-25-2020, 08:46 AM

One of the stocks I have was trading at 100 to 104 a share. It is now at 78. Not a happy camper.

Leingod · 03-25-2020, 08:50 AM

Got me thinking and now I want to invest a little in jet blue. It's already rebounded 11 percent.

bunk · 03-25-2020, 09:01 AM

Quote:

Originally Posted by Leingod

Got me thinking and now I want to invest a little in jet blue. It's already rebounded 11 percent.

Check out Boeing...

Hotrodz · 03-25-2020, 09:52 AM

Morning all! I am little nervous about my 401k as I am planning on retiring in five years. I am going to ride it out as I have before. If I have to work a few more years that is cool. I feel blessed that I have that option and that my line of business will be solvent regardless of what happens.

bunk · 03-25-2020, 10:01 AM

Quote:

Originally Posted by Hotrodz

Morning all! I am little nervous about my 401k as I am planning on retiring in five years. I am going to ride it out as I have before. If I have to work a few more years that is cool. I feel blessed that I have that option and that my line of business will be solvent regardless of what happens.

Why are you worried? You have a money tree!

Hotrodz · 03-25-2020, 10:03 AM

Quote:

Originally Posted by bunk

Why are you worried? You have a money tree!

Haha, money tree needs water and fertilizer!

Sent from my SM-G965U using Tapatalk

bunk · 03-25-2020, 10:07 AM

Quote:

Originally Posted by Hotrodz

Haha, money tree needs water and fertilizer!

Sent from my SM-G965U using Tapatalk

Youll be fine. 5 years is a long time!

Leingod · 03-25-2020, 10:13 AM

Quote:

Originally Posted by Hotrodz

Haha, money tree needs water and fertilizer!

Sent from my SM-G965U using Tapatalk

Just don't use any TP. Have all the fertilizer in the world. Then sell the TP for bonus money.

bunk · 03-25-2020, 10:09 AM

OMG... Boeing went up 12% in just the past hour or so!

eastwest2300 · 03-25-2020, 10:20 AM

whatchu talk'n bout duude

eastwest2300 · 03-25-2020, 10:38 AM

how's everybody doing today duudes?

old guy · 03-25-2020, 10:46 AM

The further away from retirement the better off you are, so you young guys should be fine.
1. Don’t count on your 401k as your sole source of income in retirement, as a down turn is always a possibility, we’ve seen it in 09 and now.
2. Diversify, real estate, precious metals, art, pensions, even classic cars. A junk 240z is worth 3-4K and that’s what they cost new !
3. As you near retirement go conservative with your 401 meaning more toward interest only
4. Don’t go into retirement with debt. Have your house and any needed major improvements paid for. Have a good car ( cars ) paid for. And don’t bring any high interest credit card into retirement.

This is a simple plan that works! We started to plan in our mid thirties, my wife retired at 55 and me at 63
People who are dependent on there 401k are now going to be in poor shape as compared to just 3 weeks ago. What dissolved in three weeks could take years to recover

bunk · 03-25-2020, 10:59 AM

Quote:

Originally Posted by old guy

The further away from retirement the better off you are, so you young guys should be fine.
1. Don’t count on your 401k as your sole source of income in retirement, as a down turn is always a possibility, we’ve seen it in 09 and now.
2. Diversify, real estate, precious metals, art, pensions, even classic cars. A junk 240z is worth 3-4K and that’s what they cost new !
3. As you near retirement go conservative with your 401 meaning more toward interest only
4. Don’t go into retirement with debt. Have your house and any needed major improvements paid for. Have a good car ( cars ) paid for. And don’t bring any high interest credit card into retirement.

This is a simple plan that works! We started to plan in our mid thirties, my wife retired at 55 and me at 63
People who are dependent on there 401k are now going to be in poor shape as compared to just 3 weeks ago. What dissolved in three weeks could take years to recover

very well said.
Investing young is the key. The rule of 72 will work for the youngins. My mom had me started with IRAs and Mutual funds at 17

BettyZ · 03-25-2020, 11:02 AM

Quote:

Originally Posted by bunk

very well said.

Investing young is the key. The rule of 72 will work for the youngins. My mom had me started with IRAs and Mutual funds at 17

My 401k is African blood diamonds.

Sent from my SM-G955U using Tapatalk

03-25-2020, 08:42 AM	#1 (permalink)
bunk A True Z Fanatic Join Date: Mar 2018 Location: Southern California Posts: 4,077 Drives: 2010 370z Roadster Rep Power: 2684370	Just remember: “Be fearful when others are greedy, and be greedy only when others are fearful.” __________________ -Drop in K&N Filter -Invidia Gemini CBE -Z1 Oil Cooler -Swift Springs - EcuTek -Forgestar F14 -SPL Camber Links -Akebono BBK Upgrade -Z1 Premium SS Lines -SPL Diff Bushings -SPL FUCAs - BellRaceworks Diff Brace

03-25-2020, 08:50 AM	#3 (permalink)
Leingod A True Z Fanatic Join Date: Mar 2015 Location: Some Place Cold Posts: 16,060 Drives: In Circles Rep Power: 2684397	Got me thinking and now I want to invest a little in jet blue. It's already rebounded 11 percent. __________________ I AM FLOOF! SOMEBODY FLOOF MY HORN!! ALL HAIL THE FLOOF!!I JUST FLOOFED ON THE FLOOR

03-25-2020, 09:52 AM	#5 (permalink)
Hotrodz A True Z Fanatic Join Date: Aug 2012 Location: NW, AZ Posts: 9,330 Drives: 10 Nissan 370z Nismo Rep Power: 2684385	Morning all! I am little nervous about my 401k as I am planning on retiring in five years. I am going to ride it out as I have before. If I have to work a few more years that is cool. I feel blessed that I have that option and that my line of business will be solvent regardless of what happens. __________________ *Fast Intentions TT Installed and Tuned by Seb at SpecialtyZ 610whp 560tq:\|Fast Intentions 3" TT-TDX*\|SpecialtyZ/Fast Intentions 72 Row Oil Cooler\|SZ 6 Puck Clutch & Flywheel\|3GsCustoms\|Z1\|Wavetrac\|Hotchkis\|Whiteline \|Blitz\|Fortune Auto 500\|Fujimura\|SPL\|H&R\|TK\|TWM\|RPM Rollbar\|Sparco\|Next Level Performance\|TrackSpec\|AeroFlow Dynamics\|Pioneer\|

03-25-2020, 10:09 AM	#10 (permalink)
bunk A True Z Fanatic Join Date: Mar 2018 Location: Southern California Posts: 4,077 Drives: 2010 370z Roadster Rep Power: 2684370	OMG... Boeing went up 12% in just the past hour or so! __________________ -Drop in K&N Filter -Invidia Gemini CBE -Z1 Oil Cooler -Swift Springs - EcuTek -Forgestar F14 -SPL Camber Links -Akebono BBK Upgrade -Z1 Premium SS Lines -SPL Diff Bushings -SPL FUCAs - BellRaceworks Diff Brace

03-25-2020, 10:20 AM	#11 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,031 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684552	whatchu talk'n bout duude __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

03-25-2020, 08:46 AM	#2 (permalink)
Spooler A True Z Fanatic Join Date: Jun 2014 Location: Ga Posts: 14,125 Drives: 2013 Nismo 370z Rep Power: 2684394	One of the stocks I have was trading at 100 to 104 a share. It is now at 78. Not a happy camper.

03-25-2020, 10:38 AM	#12 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,031 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684552	how's everybody doing today duudes? __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

03-25-2020, 10:46 AM	#13 (permalink)
old guy A True Z Fanatic Join Date: Apr 2015 Location: S.E. Michigan Age: 69 Posts: 2,711 Drives: 13 magma touring Rep Power: 2684370	The further away from retirement the better off you are, so you young guys should be fine. 1. Don’t count on your 401k as your sole source of income in retirement, as a down turn is always a possibility, we’ve seen it in 09 and now. 2. Diversify, real estate, precious metals, art, pensions, even classic cars. A junk 240z is worth 3-4K and that’s what they cost new ! 3. As you near retirement go conservative with your 401 meaning more toward interest only 4. Don’t go into retirement with debt. Have your house and any needed major improvements paid for. Have a good car ( cars ) paid for. And don’t bring any high interest credit card into retirement. This is a simple plan that works! We started to plan in our mid thirties, my wife retired at 55 and me at 63 People who are dependent on there 401k are now going to be in poor shape as compared to just 3 weeks ago. What dissolved in three weeks could take years to recover __________________ I better walk before they make me run....

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