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7/26/2013 6:45:46 PM
19
If you invest $100 and earn 10% a year for 50 years...
It would be worth over $200,000. Also if you invest 2000 a year from when you are 19-27, it will be 2 million when you are 65 earning 12%. Also if you bought 1 coke stock in 1919, for $40 a share it would be worth $5 million now.
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Edited by HurtfulTurkey: 5/29/2014 9:10:14 PMWho keeps bumping old threads?
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1 ReplyWhere do I find a 10% stock? And what about inflation?
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1 Reply10%?! Whoo I wish I could get a stock that has that much. Man, you've got some connections OP.
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I remember seeing that stuff in high school. My one retort is: We have millions of people. Surely one of them followed this advice to the letter. Where are they? Where is the success story? Everyone I've met was wealthy through other means, and the retirement account ended up being a small portion of their wealth. Where is the plumber or school teacher?
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2 RepliesGood luck finding an investment account that gives you 10% interest right now.
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1 ReplyReported. Muted. Banned. Irreplaceable. Irrelevant.[spoiler]bored at the moment[/spoiler]
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Where in the hell are you supposed to get 10% from?
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Thanks Sammy.
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That's smart!
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2 RepliesSo...you talked to the financial adviser guy who set up a table in the lunch hall, eh?
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3 RepliesEdited by noballsorhands: 7/26/2013 7:04:31 PMYeah, and if I win the lottery I will be a multimillionaire its pointless discussing all of the "could have been's" in the stock market. It's just something you see new traders throw around
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3 RepliesTIL OP thinks stocks are a sure thing. Yes, in theory that's true, but things can also go horribly wrong. You need to be just as prepared to lose that money as you are confident that it will make you a return on your investment.
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1 Reply10%? I have the same odds of sticking it in Katy Perry.
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You say that as if stocks are completely stable.
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Yeah in reality stocks don't grow at 10%.
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That's great, but good luck getting 10%. And don't start with that "aggregate stock market return is 10%" bullshit.
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