This is why I prefer investing in mutual funds. You get to invest in multiple companies at a lower price while a fund manager(s) handles the assets and changes the investment strategy as the economy evolves, and since I work for American Funds (the country's third largest mutual funds company) all of my investments with them are at Net Asset Value so I don't pay a sales charge
@Sexy Homunculus, this is what I'm doing for my retirement plan. It's a solid way to make money
@Sexy Homunculus, my Amazon ipo does not have annual fees...
@Sexy Homunculus, I was not expecting such knowledge. Thank you, kind money wizard
@Sexy Homunculus, currently interning at an asset management firm specializing in fixed income with a vast majority of their assets in mutual funds. Will say that these people REALLY know what they're doing and you can decide whether you prefer passive or active investing but all in all, if you're looking for a safe investment for a retirement fund, fixed income mutual funds will not disappoint.
@RustyFapwagon, im 29 and retired, my retirement plan was save $50 a day from the day I turned 18, I put that in a compounded interest account and also a little bit of it when to the stock market. When I hit $1m at 27,I purchased 10 properties that I rent out and recently paid off. I just take care of the lawns and maintenance and I generate $7500 every month for the rest of my life
@Chimon, not a bad plan at all!! Good for you
@Chimon, wow what was the interest rate? 40%?
@jabopples, 5% but the stock market and also the rise in value of Bitcoin helped a lot. I also run 10 antminer s9's that pull in about $140 a day after electrical costs. Im always trying to buy and sell on Craiglist and eBay non-stop
@Chimon, sounds more reasonable now. Stuck gold with the Bitcoin investment. Kudos!
5% but the stock market and also the rise in value of Bitcoin helped a lot. I also run 10 antminer s9's that pull in about $140 a day after electrical costs. Im always trying to buy and sell on Craiglist and eBay non-stop
This is why you 1.) don't put all your eggs in one basket. 2.) ride long term market trends through ups and downs rather than trying to cash in on a specific "up." And 3.) Let a trusted company, investment group, broker, mutual fund corp, financial services firm (I personally use Raymond James, of NC) invest for you. It's what they do. They have more experience and are watching the markets more closely than you.
Sure, that sounds good. But then you have to factor in the cost of gas to get to the beer store, electricity bills to keep it cold. Unless you drink warm beer, then what is the point?
@Twisty, What's the point of anything if you drink warm beer?
Ah 2008 what a wonderful year
I cant read it because the blur makes my eyes water. Which makes it more blurry.
I literally just saw this on Facebook....
@Tipathearrow, we get it, you go on Facebook
@WelI Obviously, serious question. Do other fp users not use facebook? I mean I can get it if a lot of other fp users don't use facebook but who doesn't have facebook?
@Tipathearrow, I don't have facebook
@Tipathearrow, I don't
@Tipathearrow, I rarely ever use it, everything else does its job better
@DrawinAblank, the more you know 🙄
@Tipathearrow, i have facebook but haven't been on it in a few years. Its just a shjtshow of idiots
@Aaron Leibowitz, what else do people use? I mean I only keep friends that post meaningful stuff/trips they go on and stuff so it's honestly not that much of a shjtshow for me
@Tipathearrow, I personally am not a fan of social media so I don't use anything. If I want to talk to my friends I'll get in contact with them usually through text and that's it.