Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
To further destroy the narrative that "everyone had a pension" in the old days and it was "better back then" let's read from a BLS Monthly Labor Review in 1983, "how do families far when the breadwinner retires?"
"Men who retired because of poor health were more likely to have been in a low level occupation and to receive lower retirement income. They were also less likely to have any pension coverage other than social security which is not available until 62."
Guess what? Nowadays we can use our 401k to provide us income until Social Security kicks in. Back then you were SOL.
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
https://www.morningstar.com/funds/vanguard-wellesley-income-is-top-choice
Could be a great fund to start with starting in retirement and cash. Or use Vanguard Wellington and cash if you want to be more aggresive
https://www.morningstar.com/economy/what-weve-learned-150-years-stock-market-crashes
Take a look at this what has happend in past in stock market
We're taking my son to his Introduction to Auburn event at Auburn University.
we'll see you next week though!
In the meantime, a white paper I'm reading.
"This study validates...that the implementation of (China's) Five Year Plan was followed by a significant production expansion in the encouraged sectors of China. This expansion crowds out production in the same sectors in the US, leading to significant drops in both employment and investments and a notable increase in plant closures."
But it's TRUMP that started the trade war, eh?
