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Horseb4CarT

08/26/22 9:24 PM

#508468 RE: CrashOverride #508455

If you’re young enough to have a 20-30+ year investment horizon, you could do a lot worse than regular periodic investments in an S&P500 fund or other broad market index fund, reinvesting dividends, and not trying to time the market.

Putting it on auto pilot like automatic deductions from the paycheck is simple and effective and usually not missed since you get used to having less net disposable take home pay. Starting this as early as possible is much better than starting later even with more money due to the power of compounding!

I’ve recommended this to my son for over 10 years and he just hasn’t done it until this year I hope

I know most posters here are aware of this basic approach, but there may be a few newbie youngsters who might benefit!

It works and makes millionaires, you youngins:-)
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branster

08/26/22 10:21 PM

#508486 RE: CrashOverride #508455

Crash, I am with you on that, only going to get worse, these head fakes of Bull tracks just enough to the Bear's to hibernate for a bit.

Crash, I am assuming you meant to say Bull and not Bear?
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skitahoe

08/26/22 10:50 PM

#508488 RE: CrashOverride #508455

I believe we'll do just fine with NWBO even if we're truly in a bear market. I frankly still believe our economy is strong and as long as unemployment remains low we'll not go into an extended recession. Much is needed worldwide to fight climate change and that itself is an industry. I really don't think we can ignore what's happening with climate all over the world, people everywhere need to realize that change is needed and we cannot wait.

I suspect that the rise in the seawater level will be far faster than even the pessimistic scientists think. No one will deny what's happening when water routinely is flooding coastal properties and low lying islands are under water. During highest high tides the water is probably less than a foot from the top of the sea walls in places like Marina del Rey and Newport Beach in California, I suspect that if I live 10 to 20 years longer water will be lapping over the sea walls during highest high tides. Preserving our planet will become a major industry in the next decade and beyond and that by itself could build worlds economies.

Gary
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TheFollower

08/27/22 9:40 AM

#508507 RE: CrashOverride #508455

100% agree with you. This recession is far from over. Spending, more spending, a war on fossil fuel, supply side problems, more countries utilizing other currency as a payment currency, etc... NWBO is the only stock in my portfolio currently, but I do have a CHAD an ETF to short China. I view NWBO as a bright light in a world growing darker, economically. I'd like to get back in, but I don't believe it's time . Likely we'll see .75% and then another .50% in the Feds fight on inflation. The downfall- job losses as demand decreases from more inflation. Hard assets AND ENERGY may be the way to go for now. ,... and of course,, NWBO