Quote:
Originally Posted by johnuno11
6% a year isn't anything to me I don't have 7 figures to retire off of the Return.
I've been trading individual stocks for a while and been through the worst of the market when I first started out, And the best of the markets. But I was one to see the agressive loans approved by banks to people with low income that bankers knew couldn't afford so I anticipated the bears would attack the market and it did. I've been doing really well and I study really hard to make it work. I've been learning everything since I was 16 so I have 5 years of knowledge and almost 3 years of experience.
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So your 21 years old, time is on your side. If you put 10k in a DWS Government income fund at 6% and reinvest all dividends you would have about a million dollars when your ready to retire in your 60's
In the 80's and 90's you could have made a lot of money just watching charts since it was a bull market. Once the internet bubble bursted and 911 happened all the rules changed. From 2000 - 2006 if you shorted the market you did well. Then we were heading up until the financial crises hit in 2008. so if you were planning to retire with stock money forgetabout it.