The Green Industry's Resource Center

muddywater · #11 08-08-2012, 03:27 PM

I have everybody and his brother begging me to do this or that, but ira's are crap. I do a small ira but not roth. I take tax advantage while i can bc the govt is prob gonna ax that eventually.

Why do u even need an ira at 60 if your house(s) are paid off? And hell having a mil or more in the bank afyer working 40 years isnt that hard. I have a goal much higher than that.
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StanWilhite · #12 08-08-2012, 03:33 PM

Quote:

Originally Posted by bohiaa

Gentelmen:

I know this sounds CRAZY. the reason the numbers are the way they are. is becasue it will GROW..... it's called rolling the blue chip back into the fund, STOCK, or MF.

it's hard to teach retirement. to people, the numbers are correct. thankfully there have been a few post from people who DO know how it works.

AND YES your RIGHT BLN. Cd's are NOT paying much anymore, BUT REMEMEBR. the higher the risk, the higher the investment. at 14 there is NO way you should be in a CD.
also dont do something stupid like go to a BANK ti get a CD.

And STAN. yes IT's difficult to understand. But the numbers are correct. you simply have to sit down and do math. it's VERY SIMPLE when you know how to do it.

and NO getting 20% is NOT difficult.
I know it easy to make fun of things you dont understand. But when you come here and post things LIKE, wht do you do to make it durring the winter.
that to me is a STUPID post.

hopefully you will take some time and learn who money works. and more importantly WHY it works this way......

PATROIT Knows, becasue someone forced him into it.
IT's SO amazing waht a little knowlege will do for ya. and security.

I have MUCH difficulty understanding why people are failing in this business, or they sont have NEW trucks, equipment. it's too easy.......

But I take it that your balance sheet is in poor shape.

Best of luck

Some of us were just having a little fun.

The fundamental error in your equation is 2800.00 saved for 10 yrs isn't 280,000.00....it's only 28,000.00 (not allowing for earned interest).

You'd have to save 2800.00 for 100 yrs (again, not allowing for interest) to turn it into 280,000.00.

GMLC · #13 08-08-2012, 10:45 PM

Warning: If a financial advisor says "rolling the blue chip or getting 20% is easy". Run and never look back!

Now if an advisor wants you to reinvest dividends and can get you a steady 8-10% average you have a keeper. A plan like this should double your investment every 8 years if you dont sell out during market drops.
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muddywater · #14 08-08-2012, 10:50 PM

Quote:

Originally Posted by GMLC

Warning: If a financial advisor says "rolling the blue chip or getting 20% is easy". Run and never look back!

Now if an advisor wants you to reinvest dividends and can get you a steady 8-10% average you have a keeper. A plan like this should double your investment every 7-8 years if you dont sell out during market drops.
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Not your average fin adv will get 8-10% right now. Better have a good one with a functional crystal ball.

GMLC · #15 08-08-2012, 11:00 PM

Quote:

Originally Posted by muddywater

Not your average fin adv will get 8-10% right now. Better have a good one with a functional crystal ball.

Your right. But 8-10% is a conservative estimate over the long run. You cant have positive returns every year. But you can sure buy when the market is down.
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muddywater · #16 08-08-2012, 11:08 PM

Quote:

Originally Posted by GMLC

Your right. But 8-10% is a conservative estimate over the long run. You cant have positive returns every year. But you can sure buy when the market is down.
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There will be no long run if this bozo gets re-elected.

Patriot Services · #17 08-09-2012, 08:08 PM

Quote:

Originally Posted by GMLC

Your right. But 8-10% is a conservative estimate over the long run. You cant have positive returns every year. But you can sure buy when the market is down.
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The trick is knowing when to pull out when things go south. After 06 I became my own broker and spent some money on good software that keeps me out of deep losses. Count me as very distrustful of the financial community after this last debacle. Kramer has always been a personal favorite for his insight. He tends to stick to bigger names though and I like to dabble in penny stocks every now and then. My 3 house flips did well this year. I still have 1 dead horse I have to unload somehow.
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