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or they brag about gains on investments , yet what they invest is 5 or 10% of their assets , with the rest in a bank so the gains can mean little overall in the scheme of things .
Record highs for me, the vast majority of my investments are in tech so I've done well over the last few years, but yeah, I definitely own some laggards like BOTZ and IEMG. But even they have been inching upwards over the last year. I plan to dump them when they hit my entry cost, which means they'll skyrocket after that.
All I know is that lately my retirement nest egg is finally approaching 6 figures. While it may not mean much to some of you who have much larger balances, it’s nice to check my account and see times I’m making $1000 in a week or $400 in a day. It’s the first time for me where my money is actually making me more money than me working for the day and my earnings are by far the best ever as well as I’ve passed 6 figures individually.
It's always interesting to hear folks talking as if they beat the market by a lot over decades...because they don't.
I've made 10 baggers in apple, iomega (1980's) and others. Just like with the lottery, people talk about their winners. But, really, the percentage of investors with large portfolios who have beat, for example, Fidelity Magellan fund over 40 years...has got to be in the very low single digits.
AND, almost everywhere investors are talking it seems like those people must be out in force??
Magellan has made about 14% since 1980. That means if one had 50K in it in 1980, they'd have 9.4 MILLION dollars today. Same goes with a handful of other popular mutual funds...and, of course, with Warren Buffets stuff.
So, how many of you have turned 50K into 9.4 Million over your investment careers?
Or, to use a shorter time frame, how many have turned it to 2.5M over 30 without adding anything?
At least this will let me know whose posts to read!
1980 my son was born , and our budget was over as we knew it ...
don't forget leading up to 1980 was the worst of times . double digit inflation , the highest unemployment rate since the great depression . 401k's didn't exist . so few regular folks had money saved yet ...
i didn't really see any meaningful savings until around 1987 .
is her point that none of our opinions matter unless we turned a small amount of money into a lottery win in the stock market?
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That isn't what this thread is about.
