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$$$ question

Which is better.

1. 401k
2. Rotha IRA
3. Stock Market
4. Mutual Funds
5. Bonds

Where I am getting at is let's say I just do not do any one of these and just throw my hard earned extra cash into my savings account until I am 65. Will I be better off?

www.ing.com

6) Selling pot and crack

quote:

Originally posted by Agent0 www.ing.com

How are these douchebags in finacial problems if they spend millions sponsoring an f1 team...

quote:

Originally posted by nchs09 How are these douchebags in finacial problems if they spend millions sponsoring an f1 team...

Look at most of the sponsors for F1, Football, Soccer, etc. It is everywhere.

ya theys ponsor a bunch of futbol teams as well..... makies me want to punch babies.

quote:

Originally posted by nchs09 ya theys ponsor a bunch of futbol teams as well..... makies me want to punch babies.

Well I meant banks and other companies that are getting bailouts, but yeah that too.

It also makes me want to punch jews with beards.

quote:

Originally posted by nchs09 It also makes me want to punch jews with beards.

Jews with beards are hot. Just admit it.

quote:

Originally posted by XaNaX banks and the people who run them are some of the shadiest motherfuckers on earth. shit i can remember back to when I could use any fucking ATM i wanted for free. now god help you if you have to use another bank's ATM, thats $2-$3 right there. I just read something on cnn.com today about states contracting with banks to send out prepaid cards instead of unemployment checks and then the fucking banks are charging fees like 25 cents for a balance check, 50 cents to call the customer service line, $2 per transaction, etc to people who are fucking unemployed. the fucking government should have let the bastards go under or agree to a long list of pro-consumer conditions to get bailout money

Deregulation my friend. I am a fan of deregulation to a point. This is the bullshit I am not a fan of.

quote:

Originally posted by XaNaX banks and the people who run them are some of the shadiest motherfuckers on earth. shit i can remember back to when I could use any fucking ATM i wanted for free. now god help you if you have to use another bank's ATM, thats $2-$3 right there. I just read something on cnn.com today about states contracting with banks to send out prepaid cards instead of unemployment checks and then the fucking banks are charging fees like 25 cents for a balance check, 50 cents to call the customer service line, $2 per transaction, etc to people who are fucking unemployed. the fucking government should have let the bastards go under or agree to a long list of pro-consumer conditions to get bailout money

for real. It's only going to get worse..god bless America.

quote:

Originally posted by XaNaX banks and the people who run them are some of the shadiest motherfuckers on earth. shit i can remember back to when I could use any fucking ATM i wanted for free. now god help you if you have to use another bank's ATM, thats $2-$3 right there. I just read something on cnn.com today about states contracting with banks to send out prepaid cards instead of unemployment checks and then the fucking banks are charging fees like 25 cents for a balance check, 50 cents to call the customer service line, $2 per transaction, etc to people who are fucking unemployed. the fucking government should have let the bastards go under or agree to a long list of pro-consumer conditions to get bailout money

I love those random $8 "service charges" on my wachovia accounts just because i fucking talked to someone on the phone. shit pisses me off. i was on the phone yesterday trying to use the automated system and it transferred me to a rep because their systems were down and i had to tell her to waive that service fee since i had originally intended to use the automated service and she was like, "oh ok yea i'll waive that". fuckin bitch wasn't going to even do it, i had to tell her.

@ OP: i would go with 401k if you plan on staying with your company for ever and if they match a percentage. seems to be the safer of the group with the way shit is these days. the only good investment choice right now (at least in my opinion) is real estate if you have buying power (cash).

i would suggest buying property now that prices have gone down. rent property, buy more property, rent property...

start putting your money elsewhere, perhaps a swiss bank like my parents did. we've never had our money in u.s or u.k banks

Re: $$$ question

quote:

Originally posted by Trancealot Which is better. 1. 401k 2. Rotha IRA 3. Stock Market 4. Mutual Funds 5. Bonds Where I am getting at is let's say I just do not do any one of these and just throw my hard earned extra cash into my savings account until I am 65. Will I be better off?

80% of mutual funds fail to beat the market average. Just remember that.

the problem with property is that it is an unstable business to be in at the moment. everyone is trying their luck in real state these days, that bubble is not a good bubble to be in.

the problem with 401k is that it's diminishing year after year and it's very unlikely that you will see some substantial benefits when you retire.

what about japan/china is there any money to be made there?

quote:

Originally posted by Slylee I love those random $8 "service charges" on my wachovia accounts just because i fucking talked to someone on the phone. shit pisses me off. i was on the phone yesterday trying to use the automated system and it transferred me to a rep because their systems were down and i had to tell her to waive that service fee since i had originally intended to use the automated service and she was like, "oh ok yea i'll waive that". fuckin bitch wasn't going to even do it, i had to tell her. @ OP: i would go with 401k if you plan on staying with your company for ever and if they match a percentage. seems to be the safer of the group with the way shit is these days. the only good investment choice right now (at least in my opinion) is real estate if you have buying power (cash).

Go move your money into Wells Fargo (yes, I am aware that Wachovia was just outright purchased by them), WaMu, or Citi and you won't have this bullshit.

Re: Re: $$$ question

quote:

Originally posted by Krypton 80% of mutual funds fail to beat the market average. Just remember that.

good point, you are much better off in a no-load index fund. even if your managed fund happens to beat the market average you can still end up with less of a return than a index fund after you pay the expenses

keyword: CDs

son, let me hit you up with an expression.


get money ho
get money ho
get money ho
get money ho
get money ho
get money ho
get money ho

get that money.

do whatever you have to hustle. learn to scam bitches. go read the art of deception. internet marketing is big $$.

just from simple blasting emails and getting retards to click on shit.

right now, simple exploit.
get a landing page, fuckin blogspot whatever, do it up with the rhianna drama (load it up with some bs, pictures, find that tmz) get some affilate programs, click bank, and just spam your link to scrubs. you'll make money off adsense, and maybe your promos if your lucky and market it right.

its all exploitation, the Rhianna is making people bank right now.

Those 5 things I listed have no way of knowing when I am 65 I will be a a millionare or poor. To me it is gambling but at a slower pace of 65 years! Why should I give my $$ to people who make more than me and have a chance of losing it??

quote:

Originally posted by Trancealot Those 5 things I listed have no way of knowing when I am 65 I will be a a millionare or poor. To me it is gambling but at a slower pace of 65 years! Why should I give my $$ to people who make more than me and have a chance of losing it??

If you take $10,000 and hide it in your closet today in 40 years you will have $10,000. Assuming a conservative 2.5% rate of inflation that $10,000 would only be worth $3,632 in today's dollars. By holding onto your money and doing nothing you have lost $6,368 over the 40 years.

Put that money in a savings account earning less than 2.5% and you won't keep up with inflation so you lose money there too.

The average rate of return on the S&P 500 from 1871 to 2005 has been 9.4%. If you put your $10,000 in an S&P 500 index fund today using that historical rate of return in 40 years you would have $363,657. Converting that back to todays dollars using the same 2.5% inflation rate you would have $132,092, a gain of $122,092.

So you either lose over $6,000 or you can gain over $120,000 - this is why you should give your $$ to people

So you can either hold onto your money and

I believe the answer is all of the above, aka diversifying.

To maximize my investments, my financial planner had me put money in three tax categories. The first is your basic stocks & mutual funds, which are regular taxable investments. Then put money in tax-deffered accounts like regular IRA and 401K. Finally, the last strategy is to limit the tax you owe by making investments that become tax-free, such as Roth IRA and VUL (variable life insurance).

This triangle of tax strategies future proofs you against future tax laws and also lowers your tax bracket (because your investments are going to some of these accounts before tax) for current taxing.

Invest all your money into Krypton's first business.

Also you should have money in savings for emergencies and sudden loss of income. I try to put 4 to 6 months of mortgage payments in my savings for this.

IMO, you should also have short-term and long-term disability insurance to cover your ass. For example, I have a mortgage and my income is the sole supporter of that mortgage. If I'm that unlucky 1 in 4 people who has a disability that prevents me from working and getting income, without this insurance my mortgage would be in trouble. With the insurance, it will at least pay for my mortgage until I can get income again.

There's also what % of diversification you should have in each investment, but that's a long write up.

quote:

Originally posted by Trancealot Those 5 things I listed have no way of knowing when I am 65 I will be a a millionare or poor. To me it is gambling but at a slower pace of 65 years! Why should I give my $$ to people who make more than me and have a chance of losing it??

A financial planner can help with these questions. Since I started early (< 30), my portfolio is aggressive and if the market doesn't keep dying like it has recently, I will be set to retire by 60 and maintain my current life style very comfortably.

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