Reply to Investing money; need advice

Forum Index » Money and Finances

Reply to "Investing money; need advice"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]on what planet will your annualized returns of 6-8% over 30 or so years are going to be completely eaten up by administrative fees, and all you will have left is the principal you invested?

like PP said, invest in a couple broad-based index funds with Vanguard and pay maybe a quarter of a percent (probably less, actually). [/quote]

Stop trying to sell mutual funds!  Stop selling fear! Stop selling the idea people are not smart enough to succeed on their own.

1.  Stock market returns over long periods of time is 10% gains. This includes usual up years like 2013 and usual down years like 2009.

2.  With 10% returns Investing dividends according to the mathematical law of 72, the value of an individual's investments will double in 7.2 years.

3.  There are zero administrative fees for having a brokerage account and dividends are reinvest in the same companies free of charge.

Individual investing is not very difficult. Anyone can be successful investing in the stock market. Often times I talk with guys abouts sports. I like sports and I've played sports. I keep track of whose I the playoffs and I have my own opinions about whose going to win the Super Bowl, etc.  But, I'm not very good at keeping track of exactly what players are playing for whom. On the over hand, I often talk to guys who know a ton of statics about many teams, their rosters, histories, where former players are playing now, etc.  These guys are walking sports encyclopedias; clearly very smart people with excellent abilities of recall, yet many of these individuals are afraid to invest in the stock market when they clearly have the sense of recall and reasoning power to make themselves wealthy investors.

Having the skill set that would allow an individual to assemble a great sports team is the exact same skill set that would allow an individual to assemble a great basket of shares of stocks in companies which over time would make them and their families independently wealthy. Yet, most are fearful to do so; it's strange and sad that intelligent people are afraid to even try to succeed at the game of creating wealth.

Never allow anyone else manage your money. No one cares more about your money and your family than you do yourself. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics