What's your plan if you're late to the table in you're 50's with the feeling of having to put the pedal to the metal to catchup, what aggressive plan do you have in action that isn't all out reckless..

This comment was posted to reddit on Jan 11, 2020 at 5:08 am and was deleted within 17 hour(s) and 29 minutes.

What's your plan if you're late to the table in you're 50's with the feeling of having to put the pedal to the metal to catchup, what aggressive plan do you have in action that isn't all out reckless..

Well I am 40 and feeling behind. The number one rule is don't lose money, lol.

Earlier in 2018 I did pretty good swing trading crypto. I had sense enough to get out while ahead though. I am not advocating crypto btw. I own a couple hundred bucks of it now, lol.

I also did some stock swing trading in addition to buy and hold. I swing traded TLT and less risky things. Look for things to play short term, hit and get out. Don't risk too much.

Number one is increase your income. At the moment I'm concentrating on my side hustle more and doing less trading. Even if it's an extra 300 bucks a month and work. You can take that, invest and hopefully turn into more. Figure out ways to make more.

I think the need to catch up could lead to bad decisions, some sort of get rich quick idea. Small increases consistently in a variety of areas is probably better.

/r/investing Thread

What's your plan if you're late to the table in you're 50's with the feeling of having to put the pedal to the metal to catchup, what aggressive plan do you have in action that isn't all out reckless..

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