Hi Marty, your site is increasing its quality day after day. My ROI is going higher and higher since I found you. Thank you very much.
I do not know if you touched this topic before in this site: How the stock marked changed your life?
Thank you for your kind words, and your question! That is going to take me a long time to answer. Perhaps, I can provide a full answer to this question this weekend? I will need some time to stretch out with the answer😂
I have down well managing risk since Labor Day. But, the returns have not been what I would hope for. That will change when the market gives us a direction one way or the other.
I have seen the stock market change many lives of family and friends over the years. My personal experience is that I came from modest means, and as a teacher and a coach. You know those are noble professions. However, they do not pay much. I was able to structure my life where I could save at least 10% of my paycheck every month. This savings adds up over 35 years. My problem was that my money was being mismanaged by the portfolio managers at the company when my 403b was being managed. Therefore, I underperformed the S&P 500 for many years.
I decided to manage my savings portfolio myself and transferred it to a Schwab account. I was confident that I could outperform the S&P 500 and manage my money much better than the firm that previously handled it.
Fortunately, the market has been forgiving in the past 10 years, and I have been able to grow my account where my life is comfortable, and I need not worry about finances. I am able to help my 97 year old mother, and some family members.
Have a blessed day!