Probably a good move honestly. The market is highly volatile. Only stocks I purchased were companies I know had the balance sheets to overcome any huge down turn. Playing the long game.
The long game is what my investment advisor advised. My wife is a nervous Nelly and I lean that way so we got out when the gettin' was good. We will jump back in. The timing of the return to the stock market is going to be tricky but with any luck and a tad bit of insight we should catch it early in the upswing.
I'll probably go moderately conservative while my wife will put her money into conservative. Those two positions contain stock. The conservative position still contains 40% stock so she should net some gains.
Our broker is with Merrill Lynch and he gets his direction from a corporate group. He modifies the investments according to the client's wishes. Until now we've always gone with his advice and have averaged about 8% after fees so we've been happy.
We are now technically multimillionaires. Not bad for a wife who worked on an assembly line and a husband who got into the work force late in life and had to retire very early because of medical issues.
We are comfortable while sharing our fortune with a brother-in-law, a niece, a great niece, a great nephew and a sister-in-law. Of course, this means we can't go to the Ringside, Ruth's Chris Steak House, The Original Pancake House as much as we would like. Also, have to limit my contribution to our church until it just hurts, although we'd love to give more if we had it.
Well, there's the story of my life. I don't think I've told you about this before.
I didn't graduate from college until I was nearly 30 and then I was sort of a playboy until I met my wife and she made me settle down. No more beard, no more mustache, no more bell bottom pants, no more leisure suits, no more hair down to my shoulders, no more swearing, no more weed, no more whiskey drinking poker games, no more dirty jokes and no more being late for meetings or appointments. I had to learn how to eat regular food. I had to learn to write and call relatives more often.
I started regular exercise before I met my wife but it really got serious after we got married. Had to give that up because of medical problems.
TMI? Well, we're here to unload stuff.
