TranceAddict Forums (www.tranceaddict.com/forums)
- Chill Out Room
-- $$$ question
Pages (2): « 1 [2]

quote:

Originally posted by Scottaculous I will be set to retire by 60 and maintain my current life style very comfortably.

Fact:Same thing someone said 30-40 years ago. Now he is going back to work atm.

Another question:

If I invest $1000 in each one of these
1. 401k(company matches @ 6%)
2. Roth IRA
3. Stock Market
4. Mutual Funds
5. Bonds

And all five of them do horrendous and I keep the 1000 in them without taking any money out is it be possible I could be left with absolutely 0$ for each of them ?

quote:

Originally posted by Trancealot Fact:Same thing someone said 30-40 years ago. Now he is going back to work atm. Another question: If I invest $1000 in each one of these 1. 401k(company matches @ 6%) 2. Roth IRA 3. Stock Market 4. Mutual Funds 5. Bonds And all five of them do horrendous and I keep the 1000 in them without taking any money out is it be possible I could be left with absolutely 0$ for each of them ?

It is as likely as the USA and global markets collapsing. If that happens, you got bigger issues to worry about than your retirement.

Yes, it is a risk but it is a calculated risk. As opposed to putting your money in a savings account, which you're guaranteed to lose money in the long term. In your scenario, if all your investments come back 0, your savings account will probably be 0.

thread hijack:

is there any advantage of getting a roth IRA compared to a traditional IRA?

I only see two options in the end(no risk, high risk)

No risk but will in the end have more $$: Put the money in the bank(cd, just plain savings account intrest)

high risk: Investing.In the end you might have more more more $$$$ but you might have all that money you invested over the years lost.

Scottaculous when you say "lose money" that is a trick statement. If you never invested it how can you lose nothing? Your saying If I did not invest that 100 which could of been today 1000 I would of lost 900. But if I saved to get that 900 then I would of lost nothing with no risk.

PS. Does anyone feel bad for a bernie madoff victim. I feel bad they got conned but I don't feel bad they lost they life style. They invested and were greedy and they took option #2 too seriously.

quote:

Originally posted by Trancealot PS. Does anyone feel bad for a bernie madoff victim. I feel bad they got conned but I don't feel bad they lost they life style. They invested and were greedy and they took option #2 too seriously.

one thing is losing your money to the market, the other is losing your money because of a scam

quote:

Originally posted by JD8180 one thing is losing your money to the market, the other is losing your money because of a scam

yeah I should of said what I heard today on the news becuase it said he did not even invest once for all those people.

before there was

banks, stocks,..

now add to the list con-artist. Who can get the most $$ anyway legal or not(until they get caught) will win in the end based on how our economy works.

I really haven't looked into it much, but it was a ponzi scheme wasn't it? I'm sure he dealt with the richest of people, so everyone would be giving him insanely large sums of money. I guess the new money he would be receiving would be used to pay off the old money that people would start withdrawing.

Re: $$$ question

quote:

Originally posted by Trancealot Which is better. 1. 401k 2. Rotha IRA 3. Stock Market 4. Mutual Funds 5. Bonds

its different in the US i know, but i would favour property over all of those. dont use your own money to invest, use other people's

Re: Re: $$$ question

quote:

Originally posted by pkcRAISTLIN its different in the US i know, but i would favour property over all of those. dont use your own money to invest, use other people's

my family just bought property in the U.S preparing to buy more. prices have gone down tremendously, it is the time to invest in depreciating assets.

quote:

Originally posted by JD8180 I really haven't looked into it much, but it was a ponzi scheme wasn't it? I'm sure he dealt with the richest of people, so everyone would be giving him insanely large sums of money. I guess the new money he would be receiving would be used to pay off the old money that people would start withdrawing.

yeah thats a ponzi. He just got in too deep and realized it at 50 billion. I bet he could he have gone further but it will never make sense how so few people knew and his family did not after 10+ years. Please...

From this discussion I want know for a fact investing any in one of these thing is not a guarantee I will be rich years from now. If I ever do I want to weed out the ones that can have the most minimal risk because I love my savings account but that is not the way to have expoenetial increases such as people like warren buffet.

quote:

Originally posted by Trancealot yeah thats a ponzi. He just got in too deep and realized it at 50 billion. I bet he could he have gone further but it will never make sense how so few people knew and his family did not after 10+ years. Please... From this discussion I want know for a fact investing any in one of these thing is not a guarantee I will be rich years from now. If I ever do I want to weed out the ones that can have the most minimal risk because I love my savings account but that is not the way to have expoenetial increases such as people like warren buffet.

listen, savings is not bad at all. the rates might be down now, but they will go up eventually. besides, don't be sloppy with the money you have, i bet you are four years out of college and have done pretty good up until now, save it. but i wouldn't save it in the US

quote:

Originally posted by winston listen, savings is not bad at all. the rates might be down now, but they will go up eventually. besides, don't be sloppy with the money you have, i bet you are four years out of college and have done pretty good up until now, save it. but i wouldn't save it in the US

half and half what rate are those swiss accounts get these days

As the saying goes "buy low sell high" Would some people say invest now in those examples I provided and someone said property because eventually it will be better than right now?

except eventually could be forever

actually read in the paper that some swiss banks are getting fucked by the IRS. apparently a lot of people were evading taxes by having their funds in swiss banks.

yeah, but my dad is very very old...don't forget panama.

he invested in swiss banks all of his life, fifties, sixties, seventies, eighties and then he moved most of his funds to panama

quote:

Originally posted by JD8180 actually read in the paper that some swiss banks are getting fucked by the IRS. apparently a lot of people were evading taxes by having their funds in swiss banks.

Where is the swiss bank anyways. A hidden cave inside the Swiss alps.
Someone just dug a hole in the mountain with many compartments to hold each persons $ and can only get to it by helicopter.

Too lazy to research on a friday night.

someone told me each account is a 12 digit code so the IRS can not find out who its related to?

quote:

Originally posted by Trancealot Where is the swiss bank anyways. A hidden cave inside the Swiss alps. Someone just dug a hole in the mountain with many compartments to hold each persons $ and can only get to it by helicopter. Too lazy to research on a friday night.

that is awesome.

quote:

Originally posted by winston that is awesome.

sounds like an "austin powers film"

Dr Evil will rob the swiss bank with the help of the "sharks with lazers"

quote:

Originally posted by Trancealot sounds like an "austin powers film" Dr Evil will rob the swiss bank with the help of the "sharks with lazers"

i don't know how europe is doing, everyone is fucked right now. what about china, japan, or the third world? i would put my money anywhere in asia. if you have a contact, know someone, go there, explore the options you will see great great benefits in ten years from now, but that would have great risk...if the government of wherever you might put your money remains stable, the money will duplicate, if there is a revolt...unlikely, then you might get all of your funds stolen by the government. mind you, the stock market in china and japan has very little correlation with that of the US or the UK..


just to throw something out there...

so your saying there are other investment opportunities out there meaning not just in the US which I am mainly referring to in the beginning of this thread(1-5)

i wouldn't put my 'cash' in any american bank! i repeat i would not put great amount of money in the US at the moment. Specially when the government is just about to step in and regulate everything

it's a very radical point of view, but i just don't see any foreseeable benefit of putting all of your cash in an American bank/Financial institution right now.

Re: Re: Re: $$$ question

quote:

Originally posted by winston my family just bought property in the U.S preparing to buy more. prices have gone down tremendously, it is the time to invest in depreciating assets.

yeah, the best thing about property (other than that bricks and mortar are always worth something) is that a bank will lend you say, $200,000 to invest. try getting them to let you invest that money in the share market!

it means people on modest incomes like myself, can invest a disproportionately large amount in the market, and have it grow over the next 20 years. hopefully i'll be about $600,000 in debt by the end of the year, and absolutely loving it.

factor in a 10% growth a year which is the average for property in the long term (in Oz), and it'll be $60,000 in equity im building each year.

Powered by: vBulletin
Copyright © 2000-2021, Jelsoft Enterprises Ltd.