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My liquid assets are almost entirely in stocks. Most of my income, and practically all income besides SS, when I retire will come from stock appreciation and stock dividends.
Millions of Americans are in the same boat I am in.
I also currently work for a multinational corporation. A corporation that pays a good salary, matches 75% of the first 6% I put in my 401K and pays for about 85% of mine and my wifes health costs.
That multinational corporation is a Japanese one. It has thousands of workers working right here in the USA. A lot of Americans besides myself are dependent on exports and foreign investment.
I don't want to put bad vibes out into the universe; but I made a retirement projection spreadsheet years ago, this retirement projection is operating at this point several years above the projection for the current year. I am good with that.
At some point responsible penny pinchers who save their money should be rewarded as opposed to people who blow their money on Starbucks or sports bars. Still it can be hard to get ahead with a wife and kids even with a good wage unless you put in 60 hours a week for years. I can see both sides of the argument. My employee stock is also worth $50k+.
What the elites don't understand is that in the process of making everyone equal you'll make everyone poor. Capital is mobile in a globalized world if you are hostile to it it will go elsewhere. Which is why communism was such a failure.
As an "elite", I'm genuinely puzzled. You talk of stock appreciation, and... Hoo boy, do I have bad news for you.
Someone of your class should be investing in bonds and index funds.
The stock market is high right now, but we have seen many times how that plays out.
I think you do not understand how we actually accumulate wealth, much less the preferential tax treatment impoverished Republican voters were so insistent I receive.
My 2017 wage income was substantial, I suppose, but I couldn't tell you exactly what it was. Wage income is peanuts. My actual wealth and income that matters is entirely from other sources.
As an "elite", I'm genuinely puzzled. You talk of stock appreciation, and... Hoo boy, do I have bad news for you.
Someone of your class should be investing in bonds and index funds.
The stock market is high right now, but we have seen many times how that plays out.
I think you do not understand how we actually accumulate wealth, much less the preferential tax treatment impoverished Republican voters were so insistent I receive.
My 2017 wage income was substantial, I suppose, but I couldn't tell you exactly what it was. Wage income is peanuts. My actual wealth and income that matters is entirely from other sources.
Yes, people were giving that same advice five years ago. Glad I kept all my investments in stocks.
Remember, folks, copy what the elites do but don’t follow their advice.
Though Vangaurd’s S&P 500 index fund is a pretty good investment.
As an "elite", I'm genuinely puzzled. You talk of stock appreciation, and... Hoo boy, do I have bad news for you.
Someone of your class should be investing in bonds and index funds.
The stock market is high right now, but we have seen many times how that plays out.
I think you do not understand how we actually accumulate wealth, much less the preferential tax treatment impoverished Republican voters were so insistent I receive.
My 2017 wage income was substantial, I suppose, but I couldn't tell you exactly what it was. Wage income is peanuts. My actual wealth and income that matters is entirely from other sources.
Equity index funds are stocks. Did you mean owning individual stocks v mutural funds? Since they mentioned their 401K isn't it reasonable to assume they are holding equity mutual funds.
most elites (im guessing) earned their way to elite status through business ownership and the profits from that. then their wealth grows additionally from investment appreciation because they just have more money to appreciate.
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