A Quote by Hedrick Smith
The main problems are insufficient diversification and the failure to pick age-appropriate strategies - that is, more aggressive when you're younger, and more conservative when you approach retirement. But even then you have to invest for growth.
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Absolutely invest in retirement. You can always get a loan to get kids through school. I do not know of any loans to get you through retirement. The markets are seriously low from where they were (even though they've gone up 30 percent recently). Now is the time to be dollar cost averaging; the more money you put in, the more shares you buy. Save for your retirement, people.
I left Paramount at the ripe young age of sixty. A generation ago, that would have been retirement age. But my generation has more energy, more drive, and a greater life expectancy than any group of retirees before us. We are going to be here for two decades or more past 'retirement' age and we want to do something relevant in the so-called third act of our lives.
If you invest and don't diversify, you're literally throwing out money. People don't realize that diversification is beneficial even if it reduces your return. Why? Because it reduces your risk even more. Therefore, if you diversify and then use margin to increase your leverage to a risk level equivalent to that of a nondiversified position, your return will probably be greater.
If we want growth today to be more innovation-driven, more inclusive and more sustainable, then we need a more active state, not a less active one. Yet we still hear the dogma that we should just fix market failure by focusing on science and infrastructure, and to "level the playing field."
It's one of the central problems of American culture: telling you if you're younger, more beautiful, more famous, whatever, that then you'll be happy.
The bigger and more successful Salesforce becomes, the more we'll invest in our public schools, the more we will invest in homeless, the more we will invest in public hospitals, the more we will invest into NGOs.
We are more than our problems. Even if our problem is our own behavior, the problem is not who we are-it's what we did. It's okay to have problems. It's okay to talk about problems-at appropriate times, and with safe people. It's okay to solve problems. And we're okay, even when we have, or someone we love has a problem. We don't have to forfeit our personal power or our self-esteem. We have solved exactly the problems we've needed to solve to become who we are.
In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.
I think very often problems are so big, people approach problems from the bottom up: 'If only I do this little bit, then hopefully there will be some sort of snowball effect that will be bigger and bigger.' I'm much more in favor of the top-down approach to problem-solving.
What's been largely forgotten is that Washington was highly passionate and aggressive, and it was only after losing Philadelphia to the British after a string of disastrous battlefield performances that he finally resigned himself to the more conservative approach with which he has since become associated.
I decided to live as an individual and as I grew older, and thought more, and read more and experienced more, my views became more conservative. But my group is liberal. Not only that, they say, 'If you're not liberal and not a Democrat, you're not black. If you're conservative, you're a sellout.' Here, then, I'm living with that kind of a pressure against my individuality.
Ours is an age of pedagogy. Anxious parents instruct their children more and more, at younger and younger ages, until they're reading books to babies in the womb.
Real spiritual growth is always growth downward, so to speak, into profounder humility, which in healthy souls will become more and more apparent as they age.
Younger people are generally more adventurous - they're more open, more fun - have you met many guys my age? Guys my age are married or divorced or grumpy, fat and balding.
The close and thoughtful observer more and more learns to recognize his limitations. He realizes that with the steady growth of knowledge more and more new problems keep on emerging.
There is a need for more economic growth, for more job growth. But there is a need in some people for them to recognize that they have a role in making these problems better. And we can't - we can't ignore that.
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