Quote:
Originally posted by IKE
The stock market averages about 10% a year in the long term. not talking about trading or trying to time the market. Historically it is 10% a year. Bull and bear years don't matter that much if you look long term.
Real estate (residential) isn't as good as a return. It's 3% long term. Obviously last 10 years in hot markets clouds the returns, but one shouldn't bank on huge gains. There are other considerations such as the power of margined money. Say putting 20% down on a piece of property and borrowing the rest. So you are getting a gain on the full amount. But you are paying interest. But it is tax deductable.
ALso read The Millionaire Next Door. Easiest way to save money is to not spend it. That BMW is worst inverstment possible. All it does is lose value. It doesn't increase like an investment portfolio.
Then again I like driving my 540.........
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Yeah it might but what idiot would put there money in the stock market now??? I was going to and then decided not to, thank god cause about 3 months later the Towels crashed a few planes into some big towers and it could of cost me big time.
I'm not touching the markets till the net boom.
Sammy