Reply to 50 year olds - how much retirement $ do you have saved?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]50 is the easiest age to have saved a lot. You missed all the prior crashes [/quote]Amazon?

I'm 50 and was a young investor who weathered the dot com crash. Then 08 and the covid "crash". I kept buying through all three and kts actually a beneficial thing to invest in crash time.  Best time to buy steak is on sale. [/quote]

Yes, but  you have to have a job and extra capital to invest. Many people lost their jobs and had to spend their capital to stay afloat.  Many 50 somethings lost a house in the 2008 crash or at least saw a huge loss of equity--our house was valued at 515k in 2006 and 326k in 2009--it took a long time to climb back up in value.  Also, there really was a lost decade of investing--1999 levels weren't that different from 2009 levels.  If you didn't have capital to invest in 2009--which many people didn't or at least not much--you could have losses after buying a house and investing for your whole adulthood. [/quote]

Hmmm. I bought a house in 2003. In 2009 it was still worth more than 2003. When I sold it in 2019 it was worth 400% more than I paid.

Our stock investments have soared since about 2012. Some are up 600 percent. [/quote]

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