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    Retirement Is a Lot More Important Than You Might Think (As Told By A Nonagenarian)
    Retirement Is a Lot More Important Than You Might Think (As Told By A Nonagenarian)
    Retirement Is a Lot More Important Than You Might Think (As Told By A Nonagenarian)
    Ebook110 pages1 hour

    Retirement Is a Lot More Important Than You Might Think (As Told By A Nonagenarian)

    By Mario V. Farina

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    About this ebook

    The author of this e-book is a retired nonagenarian who wishes to help those who are currently working, with advice that individuals begin considering stock investing as a vehicle for accumulating sufficient savings enabling them to retire comfortably when the date for that life-changing event arrives! He contends that retirement is a lot more important than you might think! He shares how he did it with you.

    LanguageEnglish
    PublisherMario V. Farina
    Release dateFeb 14, 2019
    ISBN9780463839478
    Retirement Is a Lot More Important Than You Might Think (As Told By A Nonagenarian)
    Author

    Mario V. Farina

    Mario V Farina has worked all his life, from age 18 to 90. He worked for the American Locomotive Company, served in the U. S. Army during WWII, was employed at General Electric. He taught computers at Rensselaer Polytechnic Institute. After leaving his position with RPI, he became employed with the State Labor Department of New York. He’s a car buff, a pun creator, and a computer enthusiast. He wrote textbooks for the programming languages COBOL and FORTRAN and wrote a book of puns and short stories called, “A Little Light Reading,” as well as over 20 other books. Several of his books were translated into other languages. This is his first foray into the world of digital publishing, with the help of his computer tutor (william.rl.dickie@gmail.com).

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      Book preview

      Retirement Is a Lot More Important Than You Might Think (As Told By A Nonagenarian) - Mario V. Farina

      Introduction

      Rich people invest in good stocks that grow in value over the years and pay regular dividends! You should, too! Retirement is an important event. It requires a lot of money enabling you to retire comfortably without money running out before you do! This book tries to convince you to do what rich people do. Don't say you don't have the money to do this! (You do! I can show you that you do!) Don't say you don't know anything about stocks and it's too difficult to learn! (It's not difficult to learn! This article gets you started!)

      Table of Contents

      Introduction

      The Disappearing Pension Plans

      My Work History

      My Beginnings with Stock Investing

      Topics in This Article

      Smashwords

      A Beginner's Guide to Successful Investing in the Stock Market, 1969

      Disclaimer

      My Early Education

      Buying Stocks for the First Time

      What Are Stocks

      The Stock Market

      How You Can Gain with Stocks

      The Rule of 72

      Compounding

      Expectations from Stock Investing

      What to Do with Dividends

      Why Stocks

      Early Results

      Where Is the Money Coming from?

      Where Is the Money Coming from Additional?

      Where Is the Money Coming from? Additional Thoughts

      Another Initial Criteria for Stock Selection

      Achieving Greater Successes

      When Should You Begin?

      The American Dream

      Your Best Investments in Life

      A Home As an Investment

      Common Stocks As an Investment

      More about What Are Stocks

      You Take It?

      Worrier

      Spendthrift

      Sensible Investor

      The Stock Split

      Earnings per Share

      The Price to Earnings Ratio (P/E)

      The PEG Ratio

      How Do You Make a Stock Purchase?

      My Experiences with Broker Representatives

      Don't Bother with These Kinds of Transactions

      Selling Short

      Purchasing Call Options

      Purchasing Put Options

      Selling Naked Call Options

      Purchasing Bonds from Foreign Countries

      Borrowing Money from Your Margin Account

      More about Selling Short

      Penny Stocks

      The Market Lives a Life of Its Own

      The Efficient Market Theory

      Panic

      Six Important Dates for the Payment of Dividends

      The Power of Compounding

      What Is the Stock Price?

      The Stock Symbol

      Bid and Asked Prices

      What Is a Stock's Fundamental Worth?

      Diversify

      Dollar-Cost Averaging

      You Ever Sell?

      How to Select a Good Stock

      Some Stock Recommendations

      Educate Yourself

      What Is Your Goal

      This article is not for everyone. The reason I'm writing it, is because retiring is expensive. I know from my reading, and from watching television, that a lot of people want to retire but don't have enough money to do so. So, investing for retirement, I think, is an important topic. I believe this article would be of the most importance to younger people, possibly in their early 20s through the 30s. The sooner in life you start investing for retirement, the better! If you're older than the ages mentioned above, you can still start even up to age 55 or so. Peruse what I say below. This article may represent some of the most reading you've done in a long time!

      I don't claim to know everything about retiring. What I say here, is based on my personal experience. A lot of it may simply be my own opinion. However, I'm currently retired, successfully I think, have been retired for five years, and don't feel I'll run out of money before I die. I believe I have enough funds to carry me through 20 additional years if need be. Yes, at age 95, one doesn't know how much longer he or she will live. I live each day as it comes with one less worry each day than I could be having!

      The Disappearing Pension Plans

      I was born in 1923. Good, large, companies offered pension plans to new employees. That practice seems to have gone out the window. This means that employees nowadays, have to, themselves, save for their retirement more diligently than they did in the past. Yes, employers still offer assistance in some areas. Some even have retirement plans. You may be fortunate to be employed by such a company. If so, be sure to take advantage of anything that is offered whether you plan to stay with the company or not! If you're not currently employed by such a company, you've got some thinking to do! The years pass swiftly! At age 95, I know this more than most anybody!

      My Work History

      I began working at the American Locomotive Company in Schenectady at age 18. I don't believe they offered a pension plan, and I did not invest in one at that time. I went into the service at age 20 during World War II. I'm a veteran of World War II having served three years. After receiving my honorable discharge, I began working at General Electric. I worked there for about 38 years, then began working at Rensselaer Polytechnic Institute (RPI), then the New York State Labor Department. In the meantime I studied evenings and received a bachelor degree from the College of Saint Rose at age 50. I retired at age 90 from the Labor Department. I did join the pension plans of General Electric and the Labor Department. I should have also joined the one at RPI but, foolishly, did not.

      My Beginnings With Stock Investing

      When I retired, I had income from a pension at General Electric Company, a pension from the New York State Labor Department, and Social Security. However, during my entire working career, I also successfully invested in stocks. This made a whale of a lot of difference!

      With me, retirement was not a side issue. I began planning for it in my mid-20s. At that time, all I had ever heard about the stock market was that it had crashed in 1929. So, when the salesman convinced me that he should talk to me about investing in stocks, I was dubious about listening. However, I allowed him to come to the house and talk. He did not leave until two o'clock in the morning. However, I had committed myself to purchase some of the stock that he was offering.

      You have probably already guessed that I'm going stress talking to you about investing in stocks. Yes, I do plan to do this. But I also plan to talk about other things that involve obtaining sufficient funds allowing you to retire at a reasonable age without fear of running out of money. Below, I list the main topics that I'll be discussing. There will be more besides those! If the topics below sound interesting, read on. If not, thank you for having read this far.

      Topics In this Article

      Start early in life.

      Treat retirement as an extremely important matter.

      Stay healthy. Get good health insurance!

      Choose your employers carefully.

      Get as good an education as you can.

      Consider working extra years beyond normal retirement years.

      Learn as much is you can about investing in stocks.

      Make your own decisions about investing and other matters. You are captain of your ship! Sail in safe waters!

      Avoid mistakes you can easily make.

      Stay disciplined concerning investing for retirement.

      Be a computer enthusiast.

      Strive for the American Dream. It's harder to get than when I was born!

      The above topics and more are in no particular order and there are many more. I may jump from topic to topic. Bear with me.

      Smashwords

      After retiring, I decided to become a writer. If you wish, you can look me up in Google. Search for Mario V. Farina. I have authored over forty paperback books. In www.smashwords.com, I have over 350 e-books published. Virtually, all of them are free. This is where I plan to publish this article.

      A Beginner's Guide To Successful Investing in the Stock Market, 1969

      After I had been investing in stocks, for over 20 years, I felt I was competent enough to write a book for beginners. This was called, "A Beginner's Guide to Successful Investing in the Stock Market." This was in 1969. It is out-of-print now. However, you can still find it in www.smashwords.com at a very small cost. The problem with that book is that it's old technology. In 2017, I wrote another book about investing using modern methods.

      Disclaimer

      I'd like to reiterate at this point that I am not a stock advisor, I'm not a broker, what I say here is my own opinion, or presentations of my own experiences. I'm not suggesting that you believe everything I say. I may be wrong in much of what I say. Before you embark on a lifelong investment program, it might be a

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