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 ?

___________________
ATB -Let u go
Iio - Rapture(riva edit)
Dj Encore - I see right through you
Lasgo - something

The best vocal tunes on LI RIP(2001-2002)

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.

___________________
ATB -Let u go
Iio - Rapture(riva edit)
Dj Encore - I see right through you
Lasgo - something

The best vocal tunes on LI RIP(2001-2002)

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.

___________________
ATB -Let u go
Iio - Rapture(riva edit)
Dj Encore - I see right through you
Lasgo - something

The best vocal tunes on LI RIP(2001-2002)

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.

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

___________________

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.

___________________
ATB -Let u go
Iio - Rapture(riva edit)
Dj Encore - I see right through you
Lasgo - something

The best vocal tunes on LI RIP(2001-2002)

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