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Getbig Main Boards => Gossip & Opinions => Topic started by: Marty Champions on May 23, 2017, 05:14:38 PM

Title: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: Marty Champions on May 23, 2017, 05:14:38 PM
as apposed to saving 1k per month only yeilds 1600 a month at retirement

so what are your choices for the 8% return investment
Title: Re: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: FitnessFrenzy on May 24, 2017, 03:23:07 AM
lending club
Title: Re: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: Julio Ceasar on May 24, 2017, 04:44:16 AM
I put 15 years of my life avoid dayjobb...and I did make it, I have been working total 3-4 years in my 38 years of live...then realised u need to work to not get fucked up...so...just work drink beer when free and be happy
Title: Re: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: Bevo on May 24, 2017, 05:11:48 AM
I put 15 years of my life avoid dayjobb...and I did make it, I have been working total 3-4 years in my 38 years of live...then realised u need to work to not get fucked up...so...just work drink beer when free and be happy

U sound like a real winner in life
Title: Re: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: #1GymRat on May 24, 2017, 05:20:55 AM
juloo ceasar is right! not enough time to work workout and do all things so you must decide early what to do but also need to work at times because gym is not free!

I put 15 years of my life avoid dayjobb...and I did make it, I have been working total 3-4 years in my 38 years of live...then realised u need to work to not get fucked up...so...just work drink beer when free and be happy
Title: Re: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: Pork_Chop on May 24, 2017, 06:08:32 AM
Why settle for 8% ?

The rule of 72 would see (72 divided by 8) your invested amount requiring 9 years to double, then 9 years to double again and so forth.

Safe stocks like Amazon, E.A, Activision, Facebook, TakeTwo (Rockstar) etc would double in half that time if their current trend continues.

Hell, buy AMD shares and you might double it in just 12 months from now.

Do your own investing.
Title: Re: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: bigkid on May 24, 2017, 06:20:19 AM
Why settle for 8% ?

The rule of 72 would see (72 divided by 8) your invested amount requiring 9 years to double, then 9 years to double again and so forth.

Safe stocks like Amazon, E.A, Activision, Facebook, TakeTwo (Rockstar) etc would double in half that time if their current trend continues.

Hell, buy AMD shares and you might double it in just 12 months from now.

Do your own investing.
And what happens when that doesn't happen.  Trying to pick your own stocks and manage it is a losers game imo.  Most people suck at it and end up losing money.
Title: Re: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: FitnessFrenzy on May 24, 2017, 07:03:33 AM
Why settle for 8% ?

The rule of 72 would see (72 divided by 8) your invested amount requiring 9 years to double, then 9 years to double again and so forth.

Safe stocks like Amazon, E.A, Activision, Facebook, TakeTwo (Rockstar) etc would double in half that time if their current trend continues.

Hell, buy AMD shares and you might double it in just 12 months from now.

Do your own investing.

almost nobody beats the index, so your advice is dangerous and unfounded.
Title: Re: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: Dokey111 on May 24, 2017, 07:44:07 AM
almost nobody beats the index, so your advice is dangerous and unfounded.

Truth.  Just put that $250/month into an S&P 500 index fund or ETF.  Average return over a long period of time is right around your 8% target.  Maybe more.  But that means a Long time, not 5 years.  Smart plan.  But don't forget about taxes.
Title: Re: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: FitnessFrenzy on May 24, 2017, 08:07:51 AM
and I remain quite sceptical to the notion that marty champions has substantial financial holdings!  :D
Title: Re: if u invest 250 month on 8% return u get 3000mnth wen u retire
Post by: loco on May 24, 2017, 08:31:24 AM
almost nobody beats the index, so your advice is dangerous and unfounded.

Truth.  Just put that $250/month into an S&P 500 index fund or ETF.  Average return over a long period of time is right around your 8% target.  Maybe more.  But that means a Long time, not 5 years.  Smart plan.  But don't forget about taxes.

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