What pays a decent rate and is safe, (income). (money, how much, year)

[howard555]

Originally Posted by Texas User

Do you think its possible for someone to have $10K and reach $100K with no new money coming in?

10k to 100K is 1000%.

so at 20% a year, if you can find it, it will take 50 years.

so if you wish to retire at 65, then start when you are age 15, and also you have to find the 20% per year average.

[mathjak107]

huh? 10k to 100k at 20% compounded is less than 13 years. your figuring it wrong!

[Texas User]

Originally Posted by howard555

10k to 100K is 1000%.

so at 20% a year, if you can find it, it will take 50 years.

so if you wish to retire at 65, then start when you are age 15, and also you have to find the 20% per year average.

Good analysis.

Well what about Apple stocks from 1985 to present.
If you bought 1000 shares for $1, imagine the money you would have today with this stock.

[Texas User]

Originally Posted by mathjak107

huh? 10k to 100k at 20% compounded is less than 13 years. your figuring it wrong!

You used The rule of 72 right?

[Texas User]

Originally Posted by howard555

10k to 100K is 1000%.

so at 20% a year, if you can find it, it will take 50 years.

so if you wish to retire at 65, then start when you are age 15, and also you have to find the 20% per year average.

Did you use compound interest?

[tickyul]

Originally Posted by howard555

......................I have a friend who has a little money, he needs to generate income with as little risk as possible.

the amount he has and the amount of income he wants would give the answer.
If he has $5000 and wants $100 a month that is 2%.
So, if you can give some numbers and also your state, maybe it will be easier to help you.

little risk usually means little income....

Uh, sorry....your math is a little off........5k*.02=100 dollars A YEAR, not a month.

[mathjak107]

Originally Posted by Texas User

You used The rule of 72 right?

nah, i used a simple compound interest calculator... im up 1200% since 1987 so i knew it couldnt be right.

he is not compounding the growth, thats how he got 50 years. hats adding 20% a year only to the origonal 10k without adding 20% a year to the compounded total.

[howard555]

Originally Posted by tickyul

Uh, sorry....your math is a little off........5k*.02=100 dollars A YEAR, not a month.

Yes, you are correct, the per month was a typo....
because 2 per month would be 24% a year and not that much of a realistic goal. Not many 24% out there without risk.

No, I did not have a compound interest table in front of my or a calculator.

No, it is not 50 years.
However, the question of turning 10,000 into 100,000
by doing nothing
was quite hypothetical.
There would be risk involved.
And take a bit of risk taking, to invest all $10,000 into one idea.
Not only that, but to get the 20% compounded each, and every year.

Aot of the stocks that have extrapolated up, since the 80's or 90's were due to stock splits, and the days of stock splits are history.
Some stocks used to split 2-1 more than once a year.
That is history, not present day reality.

[Texas User]

Originally Posted by mathjak107

nah, i used a simple compound interest calculator... im up 1200% since 1987 so i knew it couldnt be right.

he is not compounding the growth, thats how he got 50 years. hats adding 20% a year only to the origonal 10k without adding 20% a year to the compounded total.

Are most of your stocks in DOW or Nasdaq?

[mathjak107]

they are all funds. i dont do individual issues unless im speculating.

the funds are mixed.