$350/month will make you a millionaire

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  • Fabien
    Confirmed User
    • Jul 2003
    • 4789

    #101
    Originally posted by Alex from Montreal
    By just investing $350 per month with a 15% yearly return, you'll become a millionaire in 25 years or so. Doesn't get any simpler than that
    Es-tu "chaud" à "swouaire" Alex

    GO HABS GO

    GO HABS GO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!

    Comment

    • nikki99
      Supermodel
      • Nov 2004
      • 23087

      #102
      Originally posted by porno jew
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      • Quotealex
        Confirmed User
        • Sep 2001
        • 6265

        #103
        Originally posted by Fabien
        Es-tu "chaud" à "swouaire" Alex

        GO HABS GO

        GO HABS GO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!
        non, jsuis plutot g'lé

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        • DOCTOR 30
          So Fucking Banned
          • Aug 2006
          • 846

          #104
          Originally posted by porno jew


          Now THAT'S funny!

          Comment

          • DOCTOR 30
            So Fucking Banned
            • Aug 2006
            • 846

            #105
            Originally posted by Lenny2
            Actually the principle does apply. You may wish to call it something else but it's the same principle.

            If you have $100 in stock and it goes up 10% the first year, then the 2nd year you have $110 worth of stock. If it goes up 10% then you made $11 in profit and the next year you have $121.
            No different than a savings account where you reinvest the interest payments and the money "compounds".

            Increases in share price and cash dividend distributions work exactly the same as interest for purposes of growing your money.
            Ja we know the principle behind it but the keyword is 'consistentcy'.

            Will that 10% or more be consistent?

            Bottom line is stash $1 mill away in something you know is stable and will get you 10% compounded. That way when you do have to retire if push comes to shove you know at a minium after taxes you've got roughly $80k to fuck with.

            Retirement age is 65 now. I can assure you there are medical breakthroughs coming very, very soon that are going to make your heads swim. We may be looking at ages of 300 or more on average especially for you 20 somethings. What are you going to do when you now have to work past 100 or 200? You make your million and ride it out. Just this week we announced growing new parts for hearts using stem cells. In a year we'll be growing full heart organs and livers and lungs. When we can do that with skin you might as well call it a day. It's going to happen so long, healthy life is inevitable.

            55 might seem old to you youngins but that's middle age nowadays and in 10 or 20 years it ain't gonna be that.

            Bottom line is WHERE do you invest for security and consistency?

            Stocks 'sound' good but stocks crash.

            Comment

            • $5 submissions
              I help you SUCCEED
              • Nov 2003
              • 32195

              #106
              Regardless, the value of $1M in 25 years would be way less than its value now. That applies across the board wherever you live. It's called INFLATION.

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              • FezBucks
                Registered User
                • Mar 2007
                • 56

                #107
                just change the 15% down to a more reasonable 10-12% and it's a solid plan.
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                • DOCTOR 30
                  So Fucking Banned
                  • Aug 2006
                  • 846

                  #108
                  Originally posted by FezBucks
                  just change the 15% down to a more reasonable 10-12% and it's a solid plan.
                  Ja, 10% is great! More realistic.

                  I mentioned to my finance guy about getting 10% and of course 'he' knows that you can get much more. I could tell by his mug that he had some dumbass risky plan and far as I'm concerned 10% with integrity and reliability is much more desirable.

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                  • Quotealex
                    Confirmed User
                    • Sep 2001
                    • 6265

                    #109
                    Originally posted by DOCTOR 30
                    Ja, 10% is great! More realistic.

                    I mentioned to my finance guy about getting 10% and of course 'he' knows that you can get much more. I could tell by his mug that he had some dumbass risky plan and far as I'm concerned 10% with integrity and reliability is much more desirable.
                    10% is good if you are in it for the mid term (i.e. 5-10 years), but for a long term investment, that kind of low IMO.

                    Comment

                    • lorine
                      Confirmed User
                      • Jan 2007
                      • 994

                      #110
                      I don`t find this deal very profitable,350 dollars for 25 years ? Come on...!
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                      Comment

                      • Quotealex
                        Confirmed User
                        • Sep 2001
                        • 6265

                        #111
                        Originally posted by lorine
                        I don`t find this deal very profitable,350 dollars for 25 years ? Come on...!
                        No it's not the best deal in town. But it's an easy plan everyone can follow without modifying their lifestyle.

                        Comment

                        • stillsexy
                          Confirmed User
                          • Dec 2006
                          • 1913

                          #112
                          risk & reward... there is a high chance of losing everything

                          Comment

                          • Quotealex
                            Confirmed User
                            • Sep 2001
                            • 6265

                            #113
                            Originally posted by stillsexy
                            risk & reward... there is a high chance of losing everything
                            And there is a high chance of gaining it back over a long term period.

                            Comment

                            • GigoloMason
                              Confirmed User
                              • May 2005
                              • 742

                              #114
                              Originally posted by Alex from Montreal
                              Tell that to allthe people that invest in http://en.wikipedia.org/wiki/Berkshire_Hathaway during the past 25 years
                              Now if we were all Warren Buffet you might have a solid point.

                              Comment

                              • JP513
                                Confirmed User
                                • Feb 2007
                                • 1914

                                #115
                                Originally posted by Alex from Montreal
                                15% is an average return. Some years you'll make less and other years, you'll make more.
                                No, it's better than average. Historically, since the Great Depression, the American stock market has averaged about 10-11% return for equities. I don't know if that's the market as a whole or the S&P 500, but if you average 15%, you're doing very well.

                                Of course, producing porn content returns more!
                                I don't always drink beer, but when I do, I wish I was drinking wine instead.

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