Our financial system is crumbling this week.

[Joe Shlabotnik]

Is that Henry Blodget? THE Henry Blodget who completely discredited himself with his whoring to the financial industry during the run up to the Great Recession? Wall Street's Baghdad Bob?

If so, I'll pass.

[lukethedrifter]

He's probably right though.

[Freed Roger]

I saw that blurb earlier. What you gonna do.

[Transmogrified Tiger]

Not that he's definitively wrong, but:

"What's gonna cause the crash?"

"I dunno, but it'll be something!"


doesn't strike me as a super persuasive argument.

[Socnorb11]

Is that Henry Blodget? THE Henry Blodget who completely discredited himself with his whoring to the financial industry during the run up to the Great Recession? Wall Street's Baghdad Bob?

If so, I'll pass.

Yeah, I honestly have no idea about the credibility of the source.

[Arthur Dent]

Financial media is constantly full of extreme projections expressed with excessive confidence. Make enough guesses, and someday you'll be right, but mostly better to just tune out these pundits.

[Michael]

Jim Rogers has been wrong for decades. The market will crash one day but he doesn't know anything.

[AWvsCBsteeeerike3]

Well that's cool. I wasn't enjoying not worrying about money anyway. Might as well wipe out what I've got. lol <---nervous laugh.

Don't worry IMA, this guy is projecting good things for you.

https://en.wikipedia.org/wiki/Jim_Rogers

In May 2012 he remarked during an interview with Forbes magazine that "there's going to be a huge shift in American society, American culture, in the places where one is going to get rich. The stock brokers are going to be driving taxis. The smart ones will learn to drive tractors so they can work for the smart farmers. The farmers are going to be driving Lamborghinis. I’m telling you. You should start Forbes Farming."[19]

[IMADreamer]

Well that's cool. I wasn't enjoying not worrying about money anyway. Might as well wipe out what I've got. lol <---nervous laugh.

Don't worry IMA, this guy is projecting good things for you.

https://en.wikipedia.org/wiki/Jim_Rogers

In May 2012 he remarked during an interview with Forbes magazine that "there's going to be a huge shift in American society, American culture, in the places where one is going to get rich. The stock brokers are going to be driving taxis. The smart ones will learn to drive tractors so they can work for the smart farmers. The farmers are going to be driving Lamborghinis. I’m telling you. You should start Forbes Farming."[19]

I have never wanted some crack pot to be right this much in my entire life.

[Michael]

Financial media is constantly full of extreme projections expressed with excessive confidence. Make enough guesses, and someday you'll be right, but mostly better to just tune out these pundits.

This is true. I've seen white papers that show people who watch financial news tend to do worse than people who don't.

When investing for retirement just do the following:

1) Follow a low cost three fund portfolio.
2) Decide the % you want of each fund. A good place to start looking is the vanguard target date retirement funds. For example, if you project your retirement to be 2040ish Vanguard has the following asset allocation:

87% Stocks
13% Bonds

60% domestic equities
40% international equities

Personally I do a little less international, but that's a reasonable %.

3) Make sure you're tax efficient
4) Auto re-balance once a year
5) Don't time the market or sell in a panic. Just make regular contributions.


There are other small optimizations people can make, but doing above will put you in a great position.