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stock market
Topic Started: Nov 15 2010, 06:05 PM (3,341 Views)
metroschultz
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Please just call me; "Schultz"

For you younger guys, (under 25)
If you invest $2000 a year in a mutual fund that returns 10%
For only the next 15 years, then stop and leave it to accrue on its own.
You will have over a Million Dollars ($1,000,000) by the time you are 60.
I wish I had known that when I was 25.
I am now 50, I would have to live to 85 to see my million.
My other problem I, I don't have an extra $2,000 available every year. (or any year for that matter)
I am the epitome of the old adage;
When your 'Outflow'
Exceeds your 'Income'
Then your 'Upkeep'
Will be your 'Downfall'.

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Stately
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Bad Bent
Nov 16 2010, 01:14 AM
401KegPlan.com
There's something to be said for this--at least you know you'll get *something* for your money!

The stock market is a con-game, subject to the machinations and manipulations of Wall Street (of which you have no visibility).

You have more reliable and consistent odds at your local casino, and without the commissions!
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Coche Blanco
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Reliable and constant odds...but they're still not in your favor.
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Stately
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metroschultz
Nov 16 2010, 12:15 PM
If you invest $2000 a year in a mutual fund that returns 10%
This would be a fantastic, *secure* investment!

Saving is GOOD. :thumb

Stock Market is gambling. Only gamble what you can afford to lose! :(
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Stately
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Coche Blanco
Nov 16 2010, 12:52 PM
Reliable and constant odds...but they're still not in your favor.
That's the point. Don't gamble!
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DesmondGhostRider
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Wife has talked abt the 2000 thing before. Im expected to do it once I get a job going
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Horn


Coche Blanco
Nov 16 2010, 07:40 AM
Retirement in the stock market? That just feels like a terrible idea, no matter the present economic situation. Once I get a job *waits for Ryan to chime in* I plan on saving all that I can, and investing in the Market. I can't help you with this thread, but I will be reading with interest...no pun? lol
coche lots of people invested in the stock market and retired comfortably. you can't look in hindsight and act like you know its a bad idea. If the stock market wouldn't have went down like it did, most people would still say to put your money in the stock market. on average, your money doubles every 7.2 year......on average, of course there are times when that doesn't happen.
I'm not saying that investing in the stock market is great at all. I'm just doing it while I'm young. Many people will say that I should put the money im using right now in retirement, but it would kind of be a waste for me since I don't keep adding to the stock market. Its one time i'm gonna throw some money in there and see what happens.
There are a lot safer ways to invest money, but when you go to a financial advisor they wont always tell you the best route either. Depending on what you invest in, the financial advisor might make a commission, so what he/she tells you what to do might not be the best route. (and im not saying financial advisors are crooks, just saying to do your hw when it comes to your money)
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Coche Blanco
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Putting your money into something that CAN collapse completely, in a few hours, seems like a terrible idea.
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Horn


true, but it went so good for so long. If the stock market never collapsed, or went down would you say the same thing?
and speaking of stock market collapsing its having a hard day right now. lol I just sold this stock yesterday for $.40 and this morning it opened up at $.23. I feel very lucky on that one.
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Coche Blanco
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horn12007
Nov 16 2010, 03:55 PM
true, but it went so good for so long. If the stock market never collapsed, or went down would you say the same thing?
Never as in "wasn't possible" or, I just had never experienced this recession? I don't know what I would say. I would probably be likely to invest a little bit of money into it if it had never collapsed. I don't think i'd ever invest all my retirement.
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Horn


metroschultz
Nov 16 2010, 12:15 PM
For you younger guys, (under 25)
If you invest $2000 a year in a mutual fund that returns 10%
For only the next 15 years, then stop and leave it to accrue on its own.
You will have over a Million Dollars ($1,000,000) by the time you are 60.
I wish I had known that when I was 25.
I am now 50, I would have to live to 85 to see my million.
My other problem I, I don't have an extra $2,000 available every year. (or any year for that matter)
I am the epitome of the old adage;
When your 'Outflow'
Exceeds your 'Income'
Then your 'Upkeep'
Will be your 'Downfall'.

Very true. I am actually going to do that once I get out of school. I don't have any consistent extra money to throw at it, thats why im trying this. and when I say I don't have extra money, I mean only bringing in $500 a month, don't live with my parents, and paying all my bills. lol it isn't too bad.
I am actually gonna invest in a thrift savings plan in a few years. I was going to put my sign on bonus in that, but I never got it.
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Stately
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horn12007
Nov 16 2010, 04:04 PM
I don't have any consistent extra money to throw at it, thats why im trying this.
Sigh . . . IMO that is false logic.

Likened to the lottery--where those who can least afford it are the major contributors.

Love the Lottery definition: "a voluntary tax on those bad at math".
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Horn


Stately
Nov 16 2010, 04:50 PM
horn12007
Nov 16 2010, 04:04 PM
I don't have any consistent extra money to throw at it, thats why im trying this.
Sigh . . . IMO that is false logic.

Likened to the lottery--where those who can least afford it are the major contributors.

Love the Lottery definition: "a voluntary tax on those bad at math".
I think false logic would be to compare the lottery to the stock market.
The lottery you have a 1 in several million chance to win. It really doesn't depend on what you do. When it comes to the stock market, the people that really do their hw and crunch numbers can make money on stocks. I have made 10% on my money in less than 3 months. that is better than any other retirement/investment program. also if all i can do is throw a few grand at something when i'm young, why not take a risk. some of you guys are looking at it from an older person point of view, gotta play it safe. but when you are young and have some money to play with its ok. Like I said once I get out of college and make a lot more money I will put a lot into retirement.
When you look at people that retire with lots of money, they didn't just put a few grand in at one time. Thats all that I can do as of right now and for me the risk is worth it. If I was older or had any kids my thought process would be different. I just don't see how taking a shot at it when your young gets a sigh.
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Stately
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horn12007
Nov 16 2010, 05:25 PM
I think false logic would be to compare the lottery to the stock market.
Just meant the comparison as "risking money", when there isn't enough to save. Not an odds equivalent.
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Horn


I have money to save. Im not gonna throw money into any investments, then have no money in my bank account or in my pockets.....if thats what you mean then I agree.
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