Soundmind??
New member
killmachine said:
Just remember, there is risk as well as reward, less risk and reward than the lottery offers for sure. With the lottery, millions of people loose a little at a time while a few, very few win a lot. With investment, the greater the opportunity for growth, the greater the risk. Don't fall for the get rich quick infomercials, and don't believe what you hear the "experts" predict, they are often wrong too. Last month several of them predicted a bull market with record highs this month, and it appeared that would happen, but it didn't. No one knows for sure what the economy will do, it is volatile and in the short term, you can loose a lot. I just look at the history and see that the average growth is around 10%. That includes all recessions, depressions, etc.
The past two years has seen very strong growth, around 20%, but that could reverse any time now, or increase, only God knows for sure.
My philosophy is this. I invest a small amount in high risk stuff and wait till the gains are strong, withdraw and buy toys. The retirement plan is in much more conservative funds since I will need the money and cant afford to loose it. About 10% of my income is going to retirement supplement (401k) and and additional 3% into after tax high risk funds for toys. I also have a regular retirement plan, the 401k is there to cover the failure of social security...which will see a negative return most likely.
Just save for old age first, don't count on anyone else to do it for you...and by no means trust a bunch of selfish politicians to take care of you...democrat, republican, or anything else.
Didn't mean to turn this into a financial thread....just went that way....still thinking about the mics and preamp when I pull the trigger and start the process again for next year.
