50

_____________

exactly. this is bullshit 101. reminds of boiler room the movie. "Act as if." pretend you are rich and successful, to try and become rich and successful. i'm not buying one word of this bullshit, i bet this assclown has trouble making rent each month.

right, research your other bullshit threads where you try to pose as rich. i'll get right on that.

Can you send me an email too? I'd be interested.

Or icq me 237842929

Check this out dude :)

http://biz.yahoo.com/p/tops/all.html



Top Performers - 5 Year
BlackRock Global Resources Instl SGLSX 35.44%
Alpine U.S. Real Estate Equity Y EUEYX 35.07%
BlackRock Global Resources Inv A SSGRX 34.91%
BlackRock Global Resources Inv C SSGDX 34.03%
BlackRock Global Resources Inv B SSGPX 34.01%
Bruce BRUFX 33.68%
U.S. Global Investors Global Res PSPFX 31.28%
CGM Focus CGMFX 30.96%
U.S. Global Investors Eastern Europe EUROX 30.83%
ING Russia A LETRX 30.46%

Ironic that your nick is Translation but you totally lack any ability to translate anything. I've NEVER claimed to be rich in any thread I have EVER posted on GFY! Do a search and prove me wrong. Am I comfortable? Yes. Am I rich? Nope.

I'll be the first to admit that I'm not rich, not even close. Yet.

So shut your ball washers and go translate someone else's thread.

Great numbers.. But you need to continue to put 15k each year until you retire to get these figures at 65...

You are on pace to gross over 10M with acid flyers? Thats a lot of biz

Lord knows what this world will be like when it's time for you to retire...

Folks are having their pension holders go belly up all the time.. Hopefully you have your bucks stored somewhere other than gov't backed...

Probably time for people to start burying money in the back yard again..

won't make a difference once this becomes a cashless society

Tis true...

Hope it comes soon.. then I can get that big plasma screen tv I've been wantin' :)

Why is everyone bitching at the guy?

If he never made another contribution and earned 6% a year, which is fairly easy, he would end up with over $2 million in the bank by the time he turns 65. If he had only started investing now he would have to contribute roughly $20,000 per year for the next 34 years to end up with the same total. That's the beauty of starting early.

:thumbsup for starting your retirement investments when you were young. Even if you never contribute another dime you'll end up with more then most at age 65.

That's also a lot of acid :winkwink:

bumpity ;)

Thanks, mate! :thumbsup

Congrats! I should probably start investing some money on my retirement...

good luck with this one! i wish it is as good as it sounds!

what a stupid thread

no future returns are guaranteed

Nice, however, past performance doesn't guarantee future results. My new philosophy is... do the opposite of what every other "mainstream" person is doing. For example... when you've got the avg person trying to make a fortune in real estate, that's a sign of changing times... thow a shitload in the market or visa versa. My funds do 10-20% a yr and I'm ok with it... I've learned not to chase market cycles. Dollar cost avg is the key :2 cents:

you are a lucky dude!

Not to say anything about his specific numbers or plans or assumptions on interest rates, future income, etc.....
But there is an important lesson here.
If you start putting away for retirement when you're in your 20s and you'll have decades of compound interest to work with, you will have a MUCH happier life later on. I didn't start until my late 40s, and in order to try to put away the kind of money he's talking about into for retirement (e.g. 10+ mil to retire on) - it's a bitch.

amazing... congrats!

Gone are the days of retirement for most of us. We'll work 'til we drop. :(

well thought :thumbsup

If I'm not mistaken the S&P 500 has had a 12% average rate of return for the past 75 years.

So long term yes I think that's a realistic assumption.

As for the $900 a day and whatever else...I dunno, doesn't matter to me anyways.

An Xbox 360 only costs around 2/3 of that. :upsidedow

let me get this straight, for 12 years you have put a side between 4 and 12k a year. For the sake of it lets say its 10k a year. So in 12 years you have put a way 12 x 10 is 120k. Now you have this great financial advisor who tells you to spend 900 a day wich makes a total of 350 days times 900 is 315k a year.

Now or you are a nutcase of your financial advisor is a nut case or you both are.


my bad.....i was reading you were retiring now at the age of 31.

I think that you should start making some real money...


Egomancer

Lets.... you have a house, mortgage, three kids to put thru college and still have enough to spend on bling...

Damn....this thread is old.

Looks like you learned early and are now reaping the rewards. Congrats

With that much money you could pretend to buy 3 Xbox core systems a day and have daily fake contests on GFY! Awesome. Congrats.

why are you bumping old threads?

That sentence proves the exact opposite.

Agreed on the important lesson. I learned, early on, that Social Security is not something anyone should count on....and began investing very early.....

When my son was born, we began investing for him..not much, but it's been steady....

The market goes up. The market goes down...but, over a thirty year period of time, invest smart and there will be money....there are also other fairly safe ways to invest...the important part is do it for the long term, not the short..especially if you don't have nerves of steel.....

My personal favourites are dividend bearing stocks, like Pepsico and Dow....they just roll along....year after year...very steady and fairly safe...

$4000 and $15,000 a year for 12 years does not equal 15 mil.

I'm 24, I have a Roth IRA, but that has a annual contribution limit of $4000. I then put all my money in high risk penny stocks (so far up 30k this year), but usually end up losing money. If you were my age, and had lets say 100k to invest, where would you put it - all mutual funds? Would you contribute monthly? After high school, i made a one time payment into a mutual fund, just before the 2000-2002 market fall. Right now its still down 50%. And my Roth IRA, with its monthly contributions is barely positive and will take many years to see results. Thats why i dont have much faith in investing, usually have negative results or takes too long.

gratz, thats a pretty sweet deal ya got there.

-----------THIS THREAD IS BULLSHIT-------------------
Doesnt make any sense. Say you save 10K per year since 19 at 10% a year till you are 60. At 60, with compounding option for 41 years straight putting 10k every year, this would give you 4,787,518$ and thats WITHOUT spending ANYTHING! ....and we are assuming you are making 10% EACH AND EVERY SINGLE YEAR
Go check your advisor again and tell him to buy a new calculator, or ask him if you had to suck cocks everyday as income to make it to $15M.
-----------------THE END-------------------------

oh yeah, DONT FORGET TAXXXX!!! lol

and you are 31 now, spending 900 a day from now till 60 would cost you 9,526,500. At 60, without considering tax for your own sake, you would be at around $5 million deficit. -5,000,000 - 15,000,000(the promise of your advisor) = $-20,000,000.

Your advisor made a 20 million dollar mistake in his advice. You might wanna check another adivor.

11% guaranteed off a retirement fund lol

I'm expecting our national old fund to take care of me when I get old..

Rob can't even fucking afford an XBOX 360. Nobody believed this shit back then...and they especially don't believe it now.

That's great. I'm a real big believer in investing.

Anyone who is depending on social security is nuts.

I think his point was not "what I have" ... but ... " what is possible if you start saving early" He also has the attitude required to make it happen.

Congrats man -- I've been doing the same thing since 19, it's definitely worth it .. if you have an extra $10-$20k hanging around every year, you can really make it work for you hardcore.