Empty your 401(k) so that we can prop up the economy!
Move into corpo housing so your money goes right back into your employer's pockets!
Don't worry about your future, stay a wage slave!
Embrace becoming chattel!
14 replies (most recent on top)
Just have your dad lend you a few hundred million to start your business and you won’t even have to worry about going bankrupt four times!
Corpo is the Itali_n name for Corp. Just like Capo, is the Itali_n name for captain in the m_afia. Capish?
You can tell who understands the stock market and who doesn’t on here. The ones who don’t are individuals who have likely realized they are 15+ years behind. It’s ok, go ahead and put all you have in crypto and say a little prayer. 🙏 😂
@1pws you absolutely destroyed my argument. Bravo.
Awesome, now show the 30 year periods that had losses.
Corpo? Is someone trying to coin a new term?
The word is corporate. No need to try to abbreviate it. 'Corporate' is not difficult to pronounce.
Great post. There’s just one problem. If you invested $100 in the S&P 500 at the beginning of 1999, you would have about $467.70 at the end of 2022, assuming you reinvested all dividends.
Uh oh. That pokes a bit of a ho-e in your theory…perhaps you’ve invented it in your head because you haven’t been savings like you should?
Today is a GREAT day to start! Go up your 401k contribution.
@cxn+1jlYMgRp said "So please, continue telling me I have no clue WTF I'm doing"
FWIW, RMD now start at 72 rather than 70.5 so you are missing at least 1 clue.
If you were already in the stock market in 1999 from then to 2007 you did not double your money. You recovered to be a little ahead of where you were before it burst. From 2009 to 2016 you did not double your money you barely got back to even after the great recession. From 2017 to now? You did not double your money. Don't believe the stock market hype.
I don’t believe it’s serious. It’s just looking for attention.
I just now ordered my Starbucks so I can try and comprehend the true meaning of this post. I should’ve taken a nap, first.
Of course, the doubling time frame depends on the return rate. Check out the Rule of 72.
@vfk ok, try this one on for size.
Based on the historical long-term return of the stock market, whatever you invest should double every 7.5 years. That means if you invest $10,000 in an index fund at 20, by the time you retire at 65 it should be roughly $640k.
That's without regular contributions, which anyone participating in the 401k should be making. Those contributions add up, along with the time factor.
Ex: I started working at wells around age 20, making roughly $20k/year. I instantly enrolled when eligible. Despite losing 1/3 of my 401k in a divorce settlement, I'm still on track to retire with ~$2.5m if I don't contribute another penny to the thing.
But I won't touch it at 65, I'm planning to wait until the RMD kicks in at 70.5, so double it once more.
I didn't even crack the $100k/year salary barrier until a few years ago. I have a nice 2020 vehicle (bought new) that gets compliments everywhere I take it. Travel every year, and my kids are in a sport that costs more to participate in than most.
I also save outside the 401k at a significantly higher rate, roughly 20% of my income. That started later and is expected to be my bridge funds from retirement to RMD.
So please, continue telling me I have no clue WTF I'm doing by investing in the 401k plan.
If you’re worried about your future, then we will find someone to hold your hand and tell you everything will be okay… I’m so sick of listening to these sheep acting like penguins… There’s a difference between a leader and a follower. 401K plans are for sheep. While the few of us make the real $$$, you all can continue to play follow the leader. You’re pathetic! A waste of skin. Easily aro--ed by social media threads like these. You’re all like, Wow! Look at me, I can compound my money after 40 years… Sad!