Jump to content
BANGKOK

Recommended Posts

I read an article about a lady who had suffered age discrimination since her late 40s . Then in her early 60s started her own cosmetics company aimed at older ladies and the business rocketed to a multi million dollar empire . All because she had a free reign to express her talents and experience which had previously been subdued by previous employers .

             The article then went on to reveal the global trend of potential retirees working on into their 60s  70s  80s  and even 90s  .  The  main point being made was the valuable work life experience being tapped into and those who continued to work beyond their normal mark . 

I reckon there will be quite a few TV members who either regret retiring too early or would love to have passed on their skills / experiences  to younger folks .

Tis strange cos I still receive job offers by email but if they knew I am in my 70s they would not bother mailing . I did one time follow an offer up where the job spec was very high and not really obtainable by a young guy but when my age was found out  all correspondence ceased . 

I look forward to your opinions on early retirement and any regrets .

Share this post


Link to post
Share on other sites
1 hour ago, Don Chance said:

When you run out of money and unable to work. You will wish you saved/worked more.

 

Problem is a lot of people will not want or feel healthy enough to work in their 60's, that's why they call it retirement. Mental decline is a major. Also you won't want to risk your last saving on a business that might fail.

Lastly inflation could be killer, if you don't invest your saving, even worse losing your investment...

Deflation has been declining since the early 80's.  Globalization of trade has resulted in an ocean of liquidity in the world.  German bunds currently offer negative yields at all maturities out to 30 years.  It's time to get over the fear of inflation that the 70's put into you.  

 

Ps.  If your assets are in one currency while your liabilities are in another currency risk is likely to dwarf inflation risk.

 

image.png.c724b0b2a8fde012d2299eeac5e6cf3e.png

  • Confused 1

Share this post


Link to post
Share on other sites
31 minutes ago, cmarshall said:

Deflation has been declining since the early 80's.  Globalization of trade has resulted in an ocean of liquidity in the world.  German bunds currently offer negative yields at all maturities out to 30 years.  It's time to get over the fear of inflation that the 70's put into you.  

 

Ps.  If your assets are in one currency while your liabilities are in another currency risk is likely to dwarf inflation risk.

 

image.png.c724b0b2a8fde012d2299eeac5e6cf3e.png

That is so very true ... I aim to keep about a 50-50 split. When the house in Thailand was bought the exchange rate was 72thb per 1gbp!  It is difficult to forecast RPI in the long term and now even more so...

Edited by JAS21
  • Like 1

Share this post


Link to post
Share on other sites
13 hours ago, statman78 said:

I know a number of people who have plenty of money but they continue to work.  They love what the do.  

Sooooooo true

Share this post


Link to post
Share on other sites

Saw some interesting research yesterday.  It may be of interest to those who are presently invested, or may be looking to invest.  A chart displayed a matrix along a linear graph, running from bottom left to top right, showing reward/risk for 4 different asset class options: bonds (treasuries), gold, stocks (the S & P), and

Bitcoin (BTC).

 

As one would expect, bonds were fairly safe, although not 100% safe, but offering the lowest reward.  Further up the slope was gold, higher risk with higher reward.  At the top of the graph was the S & P, an even higher reward potential, but a higher risk still, with a 40% chance of losing money.

 

Lastly, BTC, where the research examined the position of someone who put 1% of their funds into BTC, and 99% into cash, cash being a kind of neutral investment because the small interest one can derive from it is largely off-set by inflation.  Now, here's the kicker:

 

This last option had the LOWEST risk of all of the asset classes, and the HIGHEST reward.  For those who are worried about BTC volatility, it is negated by the bulk of the holdings in CASH.  BTC has been the best performing asset class this year, and for the previous 10.

 

Just sayin' . . .

 

 

Edited by allanos
typo

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...