randomep

no i mean doing the same old job for different employers for 30yrs btw I was at the IEH factory floor where I saw a 90+ yr old woman who had been working there since the 1940's, I kid you not! That's one main reason I still invest in them.....

hi Spek, you and crs223 seem to be both saying that older technical people are valued but they leave anyway, and I suspect for many it is a lifestyle choice, if they invest responsibly like you and I the income from job could no longer be their largest source of income, so why waste whatever good years are left doing the same boring thing they've been doing for 30+ years.

thorp is a famous person who never publicizes himself, I've never seen him on TV, would love to. Can you believe that he says he figured out madoff back in 1991?? wow amazing if true!

huh? sorry are you saying that the ibonds will go from 9.62 to 6.47?

and what was it 5 years ago?

What do you mean by this? are you saying that engineers and gp doctors will only get paid a fixed rate, and there is no point in performing exceptionally cos you don't get paid for it?

ASIC verification here. That's good to know designers still doing their trade over 60 although in my 25yr experience I can only recall 2 or 3. My point about a life of investing is that when you are young you can have all your net worth in your retirement account and cash account and you go can go all in on growth stocks. When you are near retirement you are supposed to take less risk and your accumulated is more spread out, like in maybe businesses, home equity and stocks etc.

wow 11% over 80+ years, by the rule of 72, you are up 2048 in those 80 years. If you started with 10k you are at 20mil today, or maybe you started with more. And sure there are many others here with just as much, as I saw from a survey post a while back. But ya I have come to the conclusion also that the easiest way for a diy investor to manage a big personal portfolio over a lifetime it is best just to accumulate and hold..... FOREVER! I learned the hard way but will no longer consider 5 years average holding period and 20% annual turnover as long term investing, 10 years is a minimum!

I'll look into that mediterrainean diet, and I am already trying the exercise thing but will increase my regimen as that is the thing i can control the most.

I agree with all your points, I'll know when it's time to hang up the gloves which doesn't appear to be anytime soon.... and ya, I cannot control the externals like my industry or my work environment but I definitely should do whatever possible to maintain my best health to be able see some "ultimate" achievement in my career.

Hi all, I just turned 50 and work in chip design in the US. Wife but no kids and don't plan on it. I am financially comfortable but yearn for more. I am at lost for direction and was reading some threads and it dawned on me there are many here who are over 50 with lots of life and financial experience. So I'd like to start this thread to get advice and anecdotal experiences from you older folks. My first question concerns career path. So I have worked continuously in the same area, which happens to be very hot right now. I am still technical but it has been several years since I really did any big coding tasks. I mostly direct young guys who are a few years out of school. I am not high up on the totem pole, mostly just a technical lead. So my question is how long can I carry on like this? There aren't a lot of 50 yr olds doing technical work. I see mostly people my age are in high level management or as technical architects or they are barely scraping by and close to obsolesce. At my age it seems like you either soar or crash and burn. Although I seem to be the exception. Also I wonder about my cognitive skills, I can do this in my 50s, but 60? I seriously doubt it. My second question is about financial health. I presume if you are here and over 50 you are probably reasonably well off, so when did you make the most yoy percentage gain? Was it early in life like in your 30s and 40s when it was a lot easier to compound money? or could it be later when you got better financial acumen? any comments great appreciated in advance

wait...... I said "many" and you said "most" ... the market at any time is the value of equilibrium, we can argue that there are as many bulls as bears... but the makeup is very different. The bullish side maybe people who follow cathie woods, or people who are throwing good money after bad, anchoring to the values they saw in Jan. But the bear side is more sensationalism and sentiment and macro prognostications, and it is the latter which in the past is prone to be wrong, very wrong. I am not saying I know where the market is going, I am as confused as the next guy but I just have a really uneasy feeling.

Ya so many people are saying the market will drop another 10-20% (including myself) it is making me very uneasy, collectively, we cannot predict where the market is going, that's why the market is at the level it is. I am stating the obvious, but I wouldn't be surprised if this is the bottom because more often than not, when I think the market is going in one direction it does the reverse.

huh? why such venom directed at the nameless average folks?

ya I am interested, but I don't have the time for a 55 page paper...... can anyone give a TLDR?