261–270 of 448 posts
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Probably, because everything would collapse if everyone was an "investor" and fewer people did actual work to keep the world going.
There are people who don't invest? Do they just keep their retirement savings in cash? I imagine for most people either the government or their employer invests for them.
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I said that because I find it puzzling when asked the reason why I invest. They're like, are you saving for a house? No, I'm saving in general, and then I buy whatever I want.
Nobody here asked you anything
Hi, sorry to be that guys, I just wanted to make some corrections on what you call your app a "plain html file". Your HTML file loads: - react app - pwa manifest - tailwind css This is not at all a "plain html" file.
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I've made a similar deal with my kids: Around 7 years ago I set up a "kid retirement" plan for them, where they couldn't touch the money until they were 18, but any money they put in I would match, and I'd also give them 10% APY with monthly compounding. My daughter aged out of it a couple years ago, she got something in the $100 range. Her brother still has a 18 months left, and I just recently rolled his over into…
That young you should be investing in a 527 education account not a ROTH retirement account. Education is a much better ROI when you are young than anything else. As you get older the value of education decreases. In generally the cross over is sometime in your early/mid 20s (Could be as young as 16 if you don't do well in school, or as old as 35 for things like medical doctor) If you don't live in the US you will ha…
That is wildly misleading. Investing is super important, but it shouldn't be described in this fairy-tale way. Young people might be misled into trusting investment advisors/counselors/brokers, whose real goal is to enrich themselves at your expense. In fact, there are adults who haven't yet learned this.
An article about investing that doesn't mention the WSJ dartboard contest isn't worth reading -- essentially, over 14 years, random stock picks produced returns equal to those of stockbrokers, before the stockbroker's fees and other costs were subtracted.
An investment counselor's primary goal is to make you think you need his services. His secondary goes is to keep you from performing your own research to discover that is false.
There's an awful lot of negativity here, but as someone who's 55 and has earned a good wage since I was 17, I really wish I had taken investing more seriously from the very beginning. While I knew of compound interest, I really didn't understand it until like a decade ago. If I'd started putting 5% of my money into a target retirement plan from 17, I'd be retired now. As it is I'm not doing badly, but I really wish I…
Investing for retirement at 17 is a bad idea! At 17 you should still be thinking about investing in education - the right education investment today will pay back far more than any other monitory investment. There are of course bad education investments, and some are not willing to study even more (or not able to pass a good education course), in that case retirement might be the best investment you can make, but it…
Saying "I'll do it later when it is rational" often translates to "I won't do it (for a long time)". Which is not rational
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> You might actually be worse off saving for retirement, at early career stages. A very well-diversified, international fund usually performs at 8% annually which is far more than you would get holding REITs (or worse, properties themselves). What you invest for (e.g. education, retirement, projects) is irrelevant as long as your time horizon allows for crash recoveries (measured in decades at worst and months at bes…
REIT is largely a reflection of property appreciation plus rents, which is the opportunity cost of not owning your own property. The link I posted was showing an 8+% return once accounting for both over the a 20 year period that doesn't even include the recent COVID era price explosions.
If I'm not mistaken, they usually pay at least 3% dividend which is added to your salary. ETFs don't trigger any tax as long as you don't sell. And I didn't check but REITs probably have higher annual fees.
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That young you should be investing in a 527 education account not a ROTH retirement account. Education is a much better ROI when you are young than anything else. As you get older the value of education decreases. In generally the cross over is sometime in your early/mid 20s (Could be as young as 16 if you don't do well in school, or as old as 35 for things like medical doctor) If you don't live in the US you will ha…
You mean a 529 account right? 527 seems to be associated with political contributions. I looked it up to ensure I wasn't missing out on something I did not know about...
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Where do you send your money to invest? What is a stock? This is the type of information missing.
> Where do you send your money to invest? If they had taught you that in high school 10 or 20 years years ago, it would be outdated by now. People used to save in savings accounts. Then 401ks. Then individual brokerage accounts with index funds. Now crypto or whatever is hot using some fintech app. > What is a stock? That's fair. It can come up in basic economics but not always.
That's a fair criticism, but I don't think it's enough to outweigh the benefits. I think I learned how to write a check in second grade. It was useful information.
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Illnesses and accidents are exactly the things you need savings for, and aren't really relevant here because they don't prevent you from saving until and after they happen. The issue appears to be that 50% of Americans live paycheck-to-paycheck and have no savings? I can't imagine how this could be anything other than them just spending money on shit they don't need. And yes, I am assuming you live in a developed cou…
> The issue appears to be that 50% of Americans live paycheck-to-paycheck and have no savings? I can't imagine how this could be anything other than them just spending money on shit they don't need. Or that there's no standard minimum wage, or income protection if something does go wrong. Student debt is crippling to people in itself never mind hospital events. That's so many people you should think "something must b…
As far as I know in the US your employer provides health insurance?