Discussion » Statements » Rosie's Corner » I'm not in the stock market. Why should I care if it goes upsy daisy or down?
RosieG

I'm not in the stock market. Why should I care if it goes upsy daisy or down?

Posted - April 4, 2018
Tags : None

Responses


  • 44797
    I.ve been asking that question for a long time, although I did own some shares of stock in a company. It lost half of its value in 2008. I have since sold it. It won't affect you or me as we are retired. It could indirectly affect other non-shareholders through loss of jobs and fewer wage increases.
      April 4, 2018 1:54 PM MDT
    1

  • 113301
    I don't know if I ever told you this Ele but I had ONE venture in the stock market years ago. A friend told me about a SURE THING. It was in the third leg of its clinical trials and looking supergood. A med for rheumatoid arthritis without side effects. She put all her available money in it. She worked for a company that found and allocated financing for medical research projects. I bought as many shares as I could and then something happened and the shares started going down. I never found out exactly what. I got out when I'd lost half the investment and it kept going down and disappeared. I think I lost $4000! That was i . Never again! Thank you for your reply and Happy Thursday m'dear! :) This post was edited by RosieG at April 5, 2018 2:20 AM MDT
      April 5, 2018 2:17 AM MDT
    0

  • 2219
    You may not personally be, but quite likely your pension funds and suchlike may well be. 
      April 4, 2018 3:03 PM MDT
    1

  • 113301
    I have a small guaranteed annuity and so does Jim. Of course we also have social security Malizz. I don't have the personality for it nor the money. I got burned once years ago and I never tried it again. Thank you for your reply and Happy Thursday! :) This post was edited by RosieG at April 7, 2018 4:32 AM MDT
      April 5, 2018 2:20 AM MDT
    0

  • 2219

    As long as a provider keeps their assets and liabilities properly matched, it is unlikely to go belly up in a financial crisis. You may also have policyholder protection funds to mitigate any risk. 

    As it's a small annuity, it shouldn't be a major concern for you. 

     
      April 6, 2018 12:10 PM MDT
    0

  • 113301
    We're both with New York Life and we have a GUARANTEED minimum yearly return. Of course if the stock market completely crashes I'm not sure what would happen. I expect another depression? I'm gonna ask. Thank you for your reply Malizz and Happy Saturday! :)
      April 7, 2018 4:33 AM MDT
    0