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Old 02-06-2021, 1:38pm   #21
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Another lie Pocahontas...
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Old 02-06-2021, 1:38pm   #22
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.
He'll regale us of the time he landed under sniper fire at Tuzla airport...
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Old 02-06-2021, 1:41pm   #23
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He'll regale us of the time he landed under sniper fire at Tuzla airport...
You're. Such a troll.
I show up and you shit all over my thread.
Classic you.
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Old 02-06-2021, 1:45pm   #24
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You're. Such a troll.
I show up and you shit all over my thread.
Classic you.


Says the renowned forum troll that cant keep Trumps name out of his cock holster.

You show up?...you never left.
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Old 02-06-2021, 1:45pm   #25
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You're doing it wrong.
Compound 15% over 10 years.
I'm somewhere over a quadruple the way you're doing it.
i've shown my math.

using the rule of 72 as a guide, i'm pretty close.

for the newbies: rule of 72. take your average annual return times the number of years, when the product is 72, that's how long it will take your money to double.

1.08^9=2. 8% for 9 years will double your money.

15.5 x 10 = 155, just a tad over 72 x 2 = 144, so as my calculation showed, you doubled your money twice and a little more.

start with 1000, end with 4225
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Old 02-06-2021, 1:47pm   #26
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i've shown my math.

using the rule of 72 as a guide, i'm pretty close.

for the newbies: rule of 72. take your average annual return times the number of years, when the product is 72, that's how long it will take your money to double.

1.08^9=2. 8% for 9 years will double your money.

15.5 x 10 = 155, just a tad over 72 x 2 = 144, so as my calculation showed, you doubled your money twice and a little more.

start with 1000, end with 4225
So a bit over a quadruple in 10 years is poor?
Not in my world for a 401k.
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Old 02-06-2021, 1:47pm   #27
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Says the renowned forum troll that cant keep Trumps name out of his cock holster.

You show up?...you never left.
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Old 02-06-2021, 1:50pm   #28
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Says the renowned forum troll that cant keep Trumps name out of his cock holster.

You show up?...you never left.
All right, you win.
Have a nice forum.
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Old 02-06-2021, 1:52pm   #29
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So a bit over a quadruple in 10 years is poor?
Not in my world for a 401k.
no, it's very good.

just doing the math for the math phobic.

if i'm taking out 3% a year, i'm happy averaging 4% per year. more is gravy. means my account balance will continue to grow over time.

so, yeah, you're doing great.

as i noted above, at some point, you can take fewer risks and bank some of your winners.

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Old 02-06-2021, 2:18pm   #30
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many years ago, we were talking with our financial advisor guy, and i made the point that at some point, if you do things right, you can stop taking risks. for example, if you figure you need 50k/year for 40 years, and you get to 2M, well, that should cover you nicely, so you can stop taking risks and get out of the market.

he got this horrified look on his face.....

we have trimmed back some risk over time.
I wouldn't have a nice look on my face either, if one of my kids said that to me.

If inflation didn't exist, I would agree with this, but it does, and it is likely to get worse in the coming years due to the incredible deficit the US is building.

BTW: I agree with your math on the 15.5% for 10 years. I'm sure Jeff will not show us his though.
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Old 02-06-2021, 2:36pm   #31
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I would have not tried to time the market so much and stayed fully invested through the highs and lows.Timing has worked well and other times, not so well. All told, I'd be better off if I didn't, but I just chalk it up to enjoyment. A hobby, if you will.
Rebalancing is something that I did and still do.
As long as interest rates are low and there is money flooding the market, stocks rise. That has nothing to do with the economy.
No, I meant what would you have done differently versus Trump, assuming you were POTUS?

Central Bank / government currency and interest rate manipulation are pushing asset prices such as stocks and housing up but it's impossible to divorce markets from the economy. They are part of the whole albeit no longer working as they have in the past.
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Old 02-06-2021, 2:49pm   #32
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All right, you win.
Have a nice forum.
.
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Old 02-06-2021, 3:38pm   #33
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it really isn't that hard to have a polite, civil conversation on a given topic.

but that isn't going to happen today it looks like.

fault on both sides.
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Old 02-06-2021, 4:15pm   #34
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Holy shit!!!!!


It worked!!!!


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Old 02-06-2021, 4:17pm   #35
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You're. Such a troll.

I show up and you shit all over my thread.

Classic you.
Hook, line, and sinker.


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Old 02-06-2021, 5:42pm   #36
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Holy shit!!!!!


It worked!!!!


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Old 02-06-2021, 6:04pm   #37
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I honestly suck at investing, but my wife's brother has been with Merrill Lynch for 45 years and has managed her IRA and my daughter's college fund. Both have done extremely well. BTW, brother in law's 2 girls have $10 Million trust funds each.

Me on the other hand...I have 15 easy years left if I choose to retire, but I'm in over-max earning mode. We only have two loans..our mortgage and my wife's car. Yes, I'll have a note on the C8, but it's chump change in the big picture. Just free cash flow over the next 15 years will dwarf her IRA.

I really wish someone taught me to save earlier. I didn't learn to save until I met my wife.
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Old 02-06-2021, 6:24pm   #38
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I honestly suck at investing, but my wife's brother has been with Merrill Lynch for 45 years and has managed her IRA and my daughter's college fund. Both have done extremely well. BTW, brother in law's 2 girls have $10 Million trust funds each.

Me on the other hand...I have 15 easy years left if I choose to retire, but I'm in over-max earning mode. We only have two loans..our mortgage and my wife's car. Yes, I'll have a note on the C8, but it's chump change in the big picture. Just free cash flow over the next 15 years will dwarf her IRA.

I really wish someone taught me to save earlier. I didn't learn to save until I met my wife.
investing starts with you saying to yourself: NO.

no, i won't spend every dime i make this week.

no, i won't buy more cars than i can drive at once.

no, i won't go out to dinner 3 times a week.

no, i won't....fill in the blank.

if you have nothing left over after pay day, there is no way you can invest, either poorly or well.

the biggest thing youngsters have going for them is time. time to ride out market ups and downs, time to let the first dollars compound over and over again.
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Old 02-06-2021, 6:37pm   #39
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investing starts with you saying to yourself: NO.

no, i won't spend every dime i make this week.

no, i won't buy more cars than i can drive at once.

no, i won't go out to dinner 3 times a week.

no, i won't....fill in the blank.

if you have nothing left over after pay day, there is no way you can invest, either poorly or well.

the biggest thing youngsters have going for them is time. time to ride out market ups and downs, time to let the first dollars compound over and over again.
Mark my words...I believe GWiz will be a millionaire in 10 years. She has the best of both of her parents. My earning potential and my wife's savings and frugality. She starts her career well into the 6-figures, has zero debt, and doesn't spend a dime. And for the next year or so, she's living rent free.
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Old 02-06-2021, 6:42pm   #40
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she's living rent free.
I am living rent free as well.
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