TiCKed
Member
What is your goal?
This is inspired by some wise words from another thread.
To paraphrase: You won't know if you are successful, (and won't be able to prove it to others), unless you have a goal to begin with. And it's wise to realize that not everyone's goal will be the same! It will depend on each individuals risk tolerance and time horizon.
I'd like to see some of those goals. I'm sure many have been stated or alluded to in other threads, but I think it would be useful to see them in one place.
So, what is your investing goal? (Specifically in TSP, but overall if TSP only reflects a portion of your overall plan).
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To start us out, I'd say my plan/goal can be summed up in a couple short sentences:
1) Get what the market gives. Depending on where you look for advice, a diversified portfolio has historically returned from 8%-12% per year in the long run. I want that, so have generally set my allocations and outlook based on a diversified portfolio. To prove that this goal is a winner for me, I've projected my investments assuming a 7% return on stocks, and 4% return on bonds. It gives me a rather nice retirement...end of story! (This goal requires no maintenance, no study, and requires no "TSP Talk").
2) If possible, I would like to be able to miss some of those occasional drops in the market. So far, no joy on this front....but I keep looking for opportunities where I feel comfortable. (This is why I read "TSP Talk", and keep an eye on the market).
This is inspired by some wise words from another thread.
To paraphrase: You won't know if you are successful, (and won't be able to prove it to others), unless you have a goal to begin with. And it's wise to realize that not everyone's goal will be the same! It will depend on each individuals risk tolerance and time horizon.
I'd like to see some of those goals. I'm sure many have been stated or alluded to in other threads, but I think it would be useful to see them in one place.
So, what is your investing goal? (Specifically in TSP, but overall if TSP only reflects a portion of your overall plan).
_________________
To start us out, I'd say my plan/goal can be summed up in a couple short sentences:
1) Get what the market gives. Depending on where you look for advice, a diversified portfolio has historically returned from 8%-12% per year in the long run. I want that, so have generally set my allocations and outlook based on a diversified portfolio. To prove that this goal is a winner for me, I've projected my investments assuming a 7% return on stocks, and 4% return on bonds. It gives me a rather nice retirement...end of story! (This goal requires no maintenance, no study, and requires no "TSP Talk").
2) If possible, I would like to be able to miss some of those occasional drops in the market. So far, no joy on this front....but I keep looking for opportunities where I feel comfortable. (This is why I read "TSP Talk", and keep an eye on the market).