Quote:
Originally Posted by Spiffav8
I didn't break out a calculator but that looks to be in the neighborhood of 200k. Sweet return for letting your money work for 6 months.
 |
I never add it up - so couldn't tell you what it is. Let's just say that I don't have any cash flow problems.... and this is just ONE account.
My point is... if you've invested your 401 or ROTH IRA.... then you shouldn't be concerned about the markets ups and downs. If you pulled out now in order to save yourself the market sell off..... you'd miss out on the dividends.... while you were in cash. Then I guarantee you that congress would announce overnight that they've settled on a fiscal cliff fix... and the market would go up 500 points and you'd miss out on that too! That's the problem.
Let's say the market goes south ala 2007.... and it just steps down and down and down daily and weekly for a year. You're down 35%. BUT -- you'd still be getting the dividends and they'd be buying shares down there at the low prices every quarter... they'd be adding to your share count FASTER than if the prices where higher! Now each one of those shares is paying a dividend - they're like rabbits - the more shares you have the more shares you buy.... 10 years from now you'd not be worrying about what happened to the friggin' fiscal cliff!!
