Investing 102

[GregWeld]

Originally Posted by captainofiron

ROTH IT IS!
haha

thanks.

As far as those figures, I read an article recently about the 8 money mistakes middle class people make. It had quite a few of those. I think I was only guilty of #8 (relatively big car payments)

http://www.businessinsider.com/8-mon...-making-2017-3

but some of that just blows my mind.

I had a coworker the same age as I was who did not put any money into his 401k, had virtually no savings, and had 3 cars on a lease. But then again he chose to live with his roommates (parents) and was in his 30s...

Good on the ROTH -- it's a true gift -- the younger you are the more the gift will be because taking all those gains and dividends TAX FREE == just WOW that can be so YUGE! LOL


It really makes me happy when I see and hear everyone here gaining some traction. And while it might seem paltry or "not much" now..... I know in my heart of hearts that the compounding will show people how great it can be with just a little bit of time.

Now -- if we can just avoid these financial calamities in the market (1999 dot.bomb bust = 2007 housing bust)..... but even WITH THOSE people would be so f'n far ahead!!