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thank you :thumbsup |
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my buddy was talking about trying printing. i told him im sure it would be a tuff nut to crack, and i dont know jack about where he could get info about getting started and what not.. anyways, brand0n at aol dotcomski |
is that assuming you keep contributing to your retirement fund? or you can not work anymore, spend 900/day and still have 15mil?
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well done dude
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I love all the haters. :thumbsup
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That is pretty neat. Just as a retirement idea for the less well heeled. 18k put aside now with adding 1.5k a year at 10%(long term average for the stock market) is 1.5M. starting with an age of 25. Think about how easy that is for a secure future.
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Rob what kind of funds you vested in?
-JDL |
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50
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Or icq me 237842929 |
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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% |
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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...
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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.. |
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won't make a difference once this becomes a cashless society |
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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. |
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bumpity ;)
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Congrats! I should probably start investing some money on my retirement...
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good luck with this one! i wish it is as good as it sounds!
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what a stupid thread
no future returns are guaranteed |
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you are a lucky dude!
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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!
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Gone are the days of retirement for most of us. We'll work 'til we drop. :(
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well thought :thumbsup
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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
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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
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