Quest for over 40's Long term or Short term Plans?

[witches*wol]

What I mean is beyond paying your regular bills and mortgage do you put off doing things like O/S trips and stuff now thinking that with luck you'll have the money and good health to do it when you retire?  Thus making it a long term plan.

Or do you think "Well I am paying into Super with the share market the way it is etc I could retire with heaps or bugger all, there is only a certain amount of control I have over it so I may as well go O/S now and do the thing I'd like to do while I am healthy and have the money (or can save up the money for the trip)"

[monman12]

"thinking that with luck you'll have the money and good health to do it when you retire"

I  did not rely on "luck" when I planned for my retirement, In fact I actively  planned and invested for it, (super and shares from 1975)  to the point that I retired at 48.  I do understand (and wonder) a little at those who spend  to their income., but it is not my approach to life.

nɥºɾ

[witches*wol]

John I do understand what you mean about planning for retirement but what about those who had a pretty good super plan and then lost so much of it in the stockmarket crashes so they have suddenly discovered they don't have as much as they did have and have ended up needing to work for longer?

[spotweldersfriend]

You only live twice- Nancy Sinatra.

[monman12]

WW : "what about those who had a pretty good super plan and then lost so much of it in the stockmarket crashes"

 What crashes WW?   Yes the GFC lasted 2 years, and some of my shares, like the banks fell 50% before recovering,  but the dividends only slightly dipped. Lets face it, a company continues to make a profit   even if its share price falls.

There is a lot of media hype about share price "crashes" but it is only day to day speculation stuff, but if you are investing for dividend (retirement) income, short term variations mean nothing unless you have to sell  some shares during a GFC.

I have been investing for  many years and accessing a good return from my portfolio.  I started with CBA at $6.00 (now $70 something) and have had an annual dividend rise from 40 cents to $4.00. I also have  a few other banks and companies, and my last Telstra purchase is returning over 12% FF in dividends.

This graph is of interest and shows our excellent dividend rate over  some years

This graph  of 18 years shows a couple of bank share histories against the ASX "All Ordinaries"  (red),   a few dips, and the GFC, but indicative  of  "the market" long term. (don't forget the dividends still continue)

However always obtain good advice if you are unsure of how to obtain, aim for, a financial goal

nɥºɾ