Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Money Mistakes Costing Investors

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Money Mistakes Costing Investors Their Retirement. Is There Time to Rectify?

The American workforce is experiencing a “silver tsunami” as a record 4.1 million Americans are predicted to turn 65 years old this year, and every year from now until 2027, according to a report by the Alliance for Lifetime Income. In the same report, data suggests that an average of 11,000 65th birthday celebrations will be held every day from now through to December 2024. 

America has reached peak retirement age, and with millions of workers soon stepping out of the workforce and claiming their spot on the retirement bench it’s time to start taking stock of how older individuals have been investing their nest eggs over the years, and how the next generation of savers can rectify these mistakes before they end in the same position. 

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The Crack the Matters

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Let’s play everyone’s favorite game show – How Did Tim Screw Up the Trade? (Click here for realistic audience noises as we play). Below is a chart of SMH, on which I owned puts. See that red arrow? Yep, you guessed it. I was sick and tired of SMH going up all the time, so I ditched it. I was happy about this decision for about 10 minutes on Thursday morning, but after that, the SMH did nothing but fall.

Last I checked, after a mere three trading days, those puts were up 194.3%. And why didn’t I apply my 3 Minute Rule? Because I am an undisciplined Bozo, that’s why.

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