IFB101: Are Value Stocks the Right Investment For a 61-year-old?

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Dave:                                    00:35                     All

right folks, welcome to Investing for Beginners podcast. This is episode 101

tonight. Andrew and I are going to talk about a listener letter that we got,

and it is a fantastic letter, and she has a great questions, and so Andrew and

I wanted to just kind of read through her letter and then just answer those

questions for her on the air. So I thought this would be a lot of fun. So

Andrew, why don’t you go ahead and start talking about the letter and then

we’ll just do our little back and forth thing.

Andrew:                              01:02                     Yeah,

I love it. That’s a great letter. This is from Susan G so she starts off. Dear

Andrew, I’m on episode 16 of the podcast and I’ve learned more about finance

from your program than I did in my years. At B school in the late seventies,

Wharton for two years, then decided to switch to a psych degree on the liberal

arts side. Wow. That’s quite a compliment. Thank you. I got serious about investing

when I returned full time to work in 2009, um, basically built up a four one k

summarizing here, uh, until from 2009 to 2017. Okay. And then stopped building

out the 401k.

Andrew:                              01:45                     She

says I am 61 single and only about a third of the way to where I need to be to

even have a modest retirement. I am currently on disability and I’m not sure

what his next workwise. So 370 k 401k 62 K and Roth Ira, a hundred k and cash

can value investing be part of my solution for current or future and come it

appeals to me is consistent with the process part of my brain. Um, maybe, uh,