|
DOW below 10,000 for the first time in 4 years (pg. 10)
|
View this Thread in Original format
| Krypton |
| quote: | Originally posted by Trancealot
Yeah my previous place of work had fidelity..
you needed to work for atleast 1 year. After than you can join the 401k. Then after 1.5 years they would of contributed 6%. You think this would of worked out for me if I stayed even though I left had which had nothing to do with the 401k. All I recall is for each quarter statement I received I was always going down a little and this was in 05. If I still did it up to now would I have lost alot of it even with them contributing??I was invested in minimal risk as I was young which they advised me. |
See, when you put your money in these mutual funds, you're giving your money to some money manager, who 4/5 of them under perform against the market. I only put in the money up to the amount I get the contributions, and I put the money in a bond fund or money market, something like that. Forget stock funds. They are a joke.
If you don't know anything about investing, just buy index funds (ETFs). Invest with the market. Don't try to beat it. Just google Dow Jones ETF, S&P500 ETF, VTI...Buy and forget...Give it at least 10 years, and if you have 30 or 40 years until retirement, you're index funds will have had time to appreciate, while collecting dividends, and you also would have been continually contributing too. There is no reason why you shouldn't be a millionaire by the time you retire...of course if you've got the 30 years of patient saving.
Notice how it's almost always the savers who are wealthy... |
|
|
| Trancealot |
edit this thread title.
"DOW below 9,000 for the first time in 5 years"
LINK
Shoe box is the new matress
from a poster in the article
| quote: | | Moreover, now millions of people know this guy's name, where he banked and his general location. So in addition to exposing himself to theft and other emergent circumstances, this bright guy is also among the millions losing more millions to inflation. |
:toothless |
|
|
| DJLafleur |
As my Algebra two teacher says:
"What go's down must go up"
;) |
|
|
| nefardec |
| quote: | Originally posted by diggerz
good. now I can make money... |
yeah this reminds me of prewar germany |
|
|
| nefardec |
| quote: | Originally posted by DJLafleur
As my Algebra two teacher says:
"What go's down must go up"
;) |
good thing your teacher didn't teach english |
|
|
| Krypton |
| quote: | Originally posted by nefardec
good thing your teacher didn't teach english |
:stongue: |
|
|
| gehzumteufel |
| quote: | Originally posted by nefardec
good thing your teacher didn't teach english |
Or common sense. |
|
|
| misterpink |
| THE SKY IS FALLING. THE SKY IS FALLING!!! |
|
|
| Capitalizt |
| quote: | Originally posted by occrider
It's currency devalued 30% in a DAY. |
Fiat money rocks doesn't it?
;) |
|
|
| pkcRAISTLIN |
| quote: | Originally posted by Capitalizt
Fiat money rocks doesn't it?
;) |
Youre an idiot. if you guys were on the gold standard right now you would be more ed than totally ed. |
|
|
| Krypton |
| quote: | Originally posted by pkcRAISTLIN
Youre an idiot. if you guys were on the gold standard right now you would be more ed than totally ed. |
How so? |
|
|
|
|
