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$$$ question (pg. 3)
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| Scottaculous |
| quote: | Originally posted by Trancealot
Those 5 things I listed have no way of knowing when I am 65 I will be a a millionare or poor. To me it is gambling but at a slower pace of 65 years! Why should I give my $$ 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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| Trancealot |
| 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 ? |
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| Scottaculous |
| 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. |
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| JD8180 |
thread hijack:
is there any advantage of getting a roth IRA compared to a traditional IRA? |
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| Trancealot |
I only see two options in the end(no risk, high risk)
No risk but will in the end have more $$: Put the money in the bank(cd, just plain savings account intrest)
high risk: Investing.In the end you might have more more more $$$$ but you might have all that money you invested over the years lost.
Scottaculous when you say "lose money" that is a trick statement. If you never invested it how can you lose nothing? Your saying If I did not invest that 100 which could of been today 1000 I would of lost 900. But if I saved to get that 900 then I would of lost nothing with no risk.
PS. Does anyone feel bad for a bernie madoff victim. I feel bad they got conned but I don't feel bad they lost they life style. They invested and were greedy and they took option #2 too seriously. |
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| JD8180 |
| quote: | Originally posted by Trancealot
PS. Does anyone feel bad for a bernie madoff victim. I feel bad they got conned but I don't feel bad they lost they life style. They invested and were greedy and they took option #2 too seriously. |
one thing is losing your money to the market, the other is losing your money because of a scam |
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| Trancealot |
| quote: | Originally posted by JD8180
one thing is losing your money to the market, the other is losing your money because of a scam |
yeah I should of said what I heard today on the news becuase it said he did not even invest once for all those people.
before there was
banks, stocks,..
now add to the list con-artist. Who can get the most $$ anyway legal or not(until they get caught) will win in the end based on how our economy works. |
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| 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. |
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| pkcRAISTLIN |
| 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 ;) |
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| winston |
| 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. |
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| Trancealot |
| 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. |
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| winston |
| 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 |
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