You're FUCKED if you don't save $ in your early 20s. Here's why
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Poast new message in this thread
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Date: February 7th, 2014 4:13 PM Author: garnet bossy stage
False.
Here's a 5-year example:
Joe invests $1000 in 2002. The market grows 10% each year. In 2007, he thus has about $1600 after 5 years.
Jim invests in 2008. The market drops 38%. He's down to $620.
It increases 18% in 2009, so he's now up to $731.60. In 2010 it increases 11%, bringing him up to about $810. In 2011, he sees a 7% increase, so he's now at 867. He's up 5% in 2012, bringing him up to about $910.
Joe is thus up 60% in 5 years; Jim DOWN nearly 10%.
There was no difference except for when they began investing.
(http://www.autoadmit.com/thread.php?thread_id=2488792&forum_id=2),#24974177) |
Date: February 7th, 2014 3:45 PM Author: tan adventurous messiness
And this is why I want to strangle the shrews I have dated.
At least my gf has a 401K that she contributes up to the match limit.
But she is 29 years old and this is her first year of contributing to a roth.
WOmen are fucking children.
"But I make 1/4 of what you do" she clucks.
"Except when I was 22 making $38,000 I still maxed out my roth," I lisp back.
(http://www.autoadmit.com/thread.php?thread_id=2488792&forum_id=2),#24974025) |
Date: February 7th, 2014 4:08 PM Author: aromatic kitchen
*Is guy 1*
*Invests from 2001-2008*
*Is PWND*
*Is guy 2*
*Begins investing in 2008*
*PROFITS*
(http://www.autoadmit.com/thread.php?thread_id=2488792&forum_id=2),#24974133) |
Date: February 7th, 2014 4:10 PM Author: Mewling address
I think the more interesting hypo is a guy who starts investing later but contributes more
Dude waiting until 27 probably was in grad school or something
(http://www.autoadmit.com/thread.php?thread_id=2488792&forum_id=2),#24974146) |
Date: February 8th, 2014 11:02 AM Author: Umber therapy dysfunction
not really.
my parents had very little just 20 years ago and now have a $3-4 million net worth. just make sure you get on a career path that is pretty lucrative and you'll be fine even if you don't save a penny until the age of 35-40.
(http://www.autoadmit.com/thread.php?thread_id=2488792&forum_id=2),#24977623) |
Date: April 18th, 2016 9:04 AM Author: free-loading round eye milk
Chart assumes consistently abnormal YOY returns, as pointed out ad nauseum above
There's a reason this "phenomenon" is common knowledge and yet remarkably few people seem to benefit from it to the extent promised.
(http://www.autoadmit.com/thread.php?thread_id=2488792&forum_id=2),#30296237) |
Date: April 18th, 2016 9:20 AM Author: 180 Azure Site
http://imgur.com/gnMx2MX
Literally did this. So I'm set 4 life?
(http://www.autoadmit.com/thread.php?thread_id=2488792&forum_id=2),#30296292) |
Date: September 29th, 2016 2:04 PM Author: razzle mahogany cruise ship degenerate
noob investor question, but isn't this idea kind of self perpetuating?
Everyone believes in investing in the S&P 500 via mutual funds and index funds -> the market consistently goes up over time because people are always buying (direct deposit into 401k) -> everyone believe in investing in the market.
(http://www.autoadmit.com/thread.php?thread_id=2488792&forum_id=2),#31521755) |
Date: July 9th, 2017 11:21 AM Author: aquamarine plaza twinkling uncleanness
Investment compounding is the single biggest scam the investment/retirement community uses to grab your money.
The Future value investment analysis assumes a guaranteed return with zero draw-down. The overall markets (S%P), and less than 1% of stocks follow the interest rate return curve.
The market curve more closely follows the short-memory timespan which is roughty 10 years for each new generation (87, 00, 09, ...next?)
(http://www.autoadmit.com/thread.php?thread_id=2488792&forum_id=2),#33734215)
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