39-year-old retiree on why he doesn't pick stocks: People 'suck at timing the market'

sitting in investments. But even though the couple expects to live off of this money for the rest of their lives, they rarely spend any time checking on it.

That's because they made the decision early on to never try to time the market, instead opting to keep their money in targeted retirement funds. While timing the market successfully — that is to say, buying individual stocks in the hopes that they will increase in price and then flip for a profit — can be lucrative, Steve says it is "a recipe for disaster.

In addition to helping give him peace of mind, this strategy also helps Adcock save time. He spends very little time each month reviewing his investments to make sure everything is in order. "We don't have to really watch it all that much," Steve says. "We don't have to re-diversify because that happens automatically. So for our expenses, for the way that we manage our money, we might spend an hour a month at most looking at them and making sure everything still makes sense."from their retirement portfolios each year, and try to only sell enough to keep their checking account flush with two years worth of expenses.

MakeIt I pick my own stocks and do pretty good. I retired “early” and still manage my own investments daily. Kinda like a job, but no pinhead to report to.

MakeIt It has nothing to do with you're average working poor. The rich decide when they want to take their money. 401's are pretend retirement for working people. It's actually a way for the rich to take your money.

MakeIt There is no such thing as a 39-year-old 'retiree'. These articles are so BS! They just switched jobs/lifestyle.

MakeIt horrible

MakeIt I've only seen this story five times. I can't wait til you guys post it 25 more.

MakeIt Lucky he wasn’t Japanese in 1989… 20 year bear market dead ahead

MakeIt So he’s in a target fund?

MakeIt Masjid Aqsa is under attack. reverence for the holy StopTheRaid

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'You can lose people': Unique domed home with secret passages hits market - CNN VideoThis unique double-domed home, built in 1977 by two doctors, is up for sale and listed under $3 million. A slide provides a shortcut into the amusement room, while a secret door leads into the movie theater room.
Source: CNN - 🏆 4. / 95 Read more »