Home Forums Hunting & Shooting Hunter's Campfire "Boomers" have dismal retirement investments.

I am saving less money every year. I believe it's from inflation. I am still investing some though, mostly a stock with a ticker FKINX. Does anyone think this is a good stock? I ask cause saving is a great idea,,,, putting it in the right places is key. Where are you posters putting your money? That is very important.

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Absolutely! We grew up being Dad's 'bank' for the very modest older used cars he drove. (We boys had modest savings banked from hiring out as farm labor while Dad kept food on the table and JC Penney discount clothes on the five of us sons.) He literally had no savings accumulated and it wasn't until we were out of the house and he had retired that he and Mom managed to save. I had no idea that he had managed to bank a couple hundred thousand on a modest pension. They never splurged - although Dad did buy a brand new car - with cash- after we were all on our own. It was a Chev Cavalier wagon that gave him 200K miles and is still going though they are both gone.

All this talk about how easy it is to save makes me wonder why more companies and institutions aren't offering their employees great pension plans these days.

No providence here. When I hired into the refinery in NorCal after graduating college my pay was exactly the same as my dear Father's, a 38 year union hating scaffold builder. From there it was my choices and capacity, not my "luck". The real sob stories do exist and, in fact, I support many with funds but for 95% of folks they just need to get off their azz and go for it. I have had a few Vietnamese neighbors that can tell their story.

Jahrs posted on another thread today that his best friend just died from brain cancer, leaving a wife and child. Really bad things happen to people through no fault of their own. These kinds of things happen to people just like you EdM every single day. If something catastrophic like that never happens to you (and I hope it doesn't)...it won't be because of your "choices and capacity"...it'll be because of providence and luck.

Bingo antlers......a majority of things that happen to us in life; are not because of what we do....but in spite of it.

My observation, in all honesty, is just the converse.

My life experience's have been consistent with BBG's post.
I have been around plenty Like EDm and Calvin, hell my family thinks like them!
For every self made wealthy man I have known there has been dozens who have worked like dogs and been thrifty there whole life and have modest success at best.

In my world all hard work got me was more hard work.
It wasn't until I lived like a very poor person for many years and saved the majority of my pay check, then rolled the dice and invested did I become successful.
If my investment would have failed, more than likely I would have spent the rest of my years poor. I was "all in" so to speak.

I am just a coupe of years shy of being a "boomer" and to honest many of my peer's feel the boomers have gone through the economy like a swarm of locust, and left little except debt and oppressive government for us.

That being said the only way I know to succeed is hard work and smart investing and a huge dose of luck!

As others have said it's best to show appreciation rather than arrogance for your good fortunes.