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Thats a riot. 1500 invested today in a stable investment with no risk = 4%. So your 1500 $ earns you $60.00 in a year. So then you have 1560.00
Gonna retire on that? If you pull the 60 $ that you gained after a year you pay short term capital gains taxes on the $60.00 profit and you are left with about $45.00.
So you go ahead and invest it! Not worth doing UNLESS you add to the investment over the course of the term. Then it becomes a bigger number and thus compounds at a greater rate of return. ING Direct is the best and safest way to invest and get 4 % on your money. No risk.
Instead, try this. Search your own heart and think about the question , "what would really make me happy"? Then make up your own mind to move the funds in that direction. Dont be a spineless jelly fish that needs to seek the approval of others just to spend your own money.
The point is you dont try and get quick money with investing. Ever heard of the miracle of compounding interest?
I say buy the motor. Like I said before you can always make more money another day. But I voted for Rob.
The point is you dont try and get quick money with investing. Ever heard of the miracle of compounding interest?
I say buy the motor. Like I said before you can always make more money another day. But I voted for Rob.
You take $1500 and compound it over 20 year and see what it actually gets you. Average 4 % a year without a ton of risk.
1500.00 $ without adding anything per year and an assumed 4 % rate of return will yield one 3,286.68 over 20 years.
3,286.68 - the 1500.00 = $1786.68 long term profit which will then be taxed at 20 % if you sell the investment 1786.68 - 20 % (357.34) = $ 1429.34
You take $1500 and compound it over 20 year and see what it actually gets you. Average 4 % a year without a ton of risk.
1500.00 $ without adding anything per year and an assumed 4 % rate of return will yield one 3,286.68 over 20 years.
3,286.68 - the 1500.00 = $1786.68 long term profit which will then be taxed at 20 % if you sell the investment 1786.68 - 20 % (357.34) = $ 1429.34
BBB...bb.bb..bbbut I read "rich dad, poor dad", it said if I put away 200 bucks when I'm twenty, I'll be a billionaire when I'm 65! (or 80, or 125).
I hate messageboard investment bankers, I appreciate someone bringing tech.
-Charlie
Dont believe everything you read.
I bet you hate more than just informed financial advise as I have read some of your other posts and find that you HATE quite a few things.
A word of advice. You are not searching well for technical information on this forum if you choose to search in a catagory that is clearly marked General Discussion. Please limit your search to the forums that might produce the technical information that you seek.
Perhaps rather than trolling the forums looking for something to hate your time could be spent more productively? What fun would that be right?
Dont believe everything you read. I bet you hate more than just informed financial advise as I have read some of your other posts and find that you HATE quite a few things. Dont worry your not alone in that regard as I find that quite a few others on this board hate all kinds of things and voice it often.
Perhaps rather than trolling the forums looking for something to hate your time could be spent more productively? What fun would that be right?
Man, I'm re-reading my post again. How the fuck did he not pick up on the sarcasm?
-Charlie
Im always on guard and apologise if I missed the part where you stated , "Sounds like someone has taken the time to weight the financial possiblities and was trying to be of help"
Thanks for that comment though and I appreciate it.
I was trying to point out that the concept of compounding interest works best with larger numbers and/or if someone contributes additional funds regularly to thier initial investment. These points are sooo often missed by the young investor.
lol A guy I work with has about $2400 coming to him and his decision is between a motor swap in his Subaru, a crotch rocket, or a laptop. I guess women are right; all guys ARE the same.
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