Quote:
Originally Posted by HandballJim
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.
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Yah but I want to retire at 30 not 60. I work in other Avenues of income stream. I'm working on tangible assets such as real estate. I'm designing a campaign to negotiate option contracts and wholesale them to business partners. Also I'm working on creating a retail store and I'd like to make a mega website. I'm not sure if I want to continue in the adult side of business but there's still money I know how to make in here and I just sold one of my biggest internet assets squirtbukkakes dot com. So i'm going to make a mega website hopefully to generate a good residual income stream.