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my 401k is down 18% this year
oh well, only like, 40 more years until retirement losers
suck on that
at least its better than bitcoin cash's 97% crash fkin lol
suck on that
at least its better than bitcoin cash's 97% crash fkin lol
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but your hustle game should be on 100! and if it was you would have love the BTC volatile value, lot of money to be made and been made. -
This is how people make money, up down up down. No worries it will come back.Comment
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Invest smart, invest consistently, and, over time, you'll still end up ok.Originally posted by Pretty Boy32 View Post
Put $5k away every year, for thirty years, and you would've saved $150000. Invest that money in the general market (historical averages puts the yearly equity market growth at about 8%) and, in thirty years time, you're likely sitting on well over $500k by the time the 30 years is up.
Actively invest that money in the market (picking stocks/indexes/funds) and you can possibly end up over $1m.
As long as you're sharp and have time, no worries.
Feel sorry for the late Bitcoin folks though.Comment
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They don’t actually call it a “401k” in Ireland, do they?Comment
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Investing is just the safer cousin of gambling. That's it. You can lose your money doing both but one is safer long term.Originally posted by Pretty Boy32 View PostComment
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If you have a ten year time horizon until you need the money short term fluctuations should be greeted with excitement as it’s a time to buy cheap.
At any age diversify. Long time horizon no bonds...all in the stock market. Invest in an index fund that mirrors the entire market, a growth fund heavily into technology and finally an international growth fund. Invest the max you can until you hit 50 when you start adding bonds for preservation.Comment
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