Where have we heard this before?

a reply to: TechniXcality

See I think your 10% return yearly numbers are way, way inflated, and more a sign of people's expectations through these hyper-bubble inflationary periods over the last couple of decades.

Generally, 3-5% returns on investment beats inflation and is considered a good, safe number to reasonably attain, though many still don't make this mark. 10% annually is typically well above average, and more of an aggressive risk.

a reply to: pl3bscheese

Got some money? 1% is my taking

a reply to: TechniXcality

Not saying it can't be done. Paps has tripled his pot in less than 3 years of entering the markets. Just saying it's a sign of the high volatility times, if nothing else. Heck he put $100 on a seven cent stock that's over $3 atm. Difference is he'still a weirdo that actually looks into quirky companies the correct way. Recent tech breakthroughs, and trends within the given sector for instance. Most people don't bother with that.

(he also took my hint and tighened sell gaps to 5% last Friday. all stocks pulled out are being divested into silver)

a reply to: pl3bscheese

10% pre-tax is a fair call for LONG term investment. The trick is you have to be able to have a chunk of money you can park for decades without ever touching in downturns.

Also known as...the rich get richer

a reply to: Indigo5

10% annually or a doubling every 7.2 years? That still seems a bit high.

Let's say I park 100k for two decades. You think I should get 750k at time of pulling out?

I think 6-7% is more reasonable, no?

a reply to: burdman30ott6

Yah...it frightens me to ponder it. We literally doubled the average income of families in this country with Women entering the work force in the early eighties...and cost of living didn't miss a beat in increasing to keep pace and the middle class is back to hand-to-mouth survival. Mobile computing was sold to us as less time at work and instead it became...you are always working!...for the same pay. The average US Worker is almost 100% more (twice as) productive as 30 years ago...but real dollar wages have remained stagnant. Something will break if we continue on this course.

originally posted by: Indigo5
a reply to: burdman30ott6

Yah...it frightens me to ponder it. We literally doubled the average income of families in this country with Women entering the work force in the early eighties...and cost of living didn't miss a beat in increasing to keep pace and the middle class is back to hand-to-mouth survival.

...and those who were able to make it with a single income saw their quality of life erode from previous levels. This is why I'm so dead set against the $15/hr minimum wage idea. History has shown us that type of action only leads to market adjustments and ultimately more people at the bottom.

a reply to: pl3bscheese

An index fund..with the lowest management fee you can find..yes after 20 years you should get between 600k-750k from compound interest...I think 10% is 670k? or something around there.

proof the government cannot create prosperity but they sure can destroy it. Govt needs to get out of our pockets and our lives.

a reply to: [post=19735038]burdman30ott6[/post

The problem isn't that the financial world lacks enough federal regulations, I'm sure everyone knows this by now as the current financial system isn't designed to help the peasants. The fundamental solution would be a monetary reform of some kind or both an economic reform and financial reform that would depend on resource management for practical applications,providing the basic necessities of life to each individual and remove market speculation altogether. In other words level the playing field regardless of current financial and social status. (You could call it global socialism or communism)

It's not a perfect solution, but even national protectionism would have to face the same inevitable resource scarcity crisis that our current systems seems to dismiss as coming problem. Infinite growth requires an infinite supply and an accelerating demand. Only one of those is possible with the finite resources on this planet.

FYI the "golden age" of American industrialism will never return, not if corporations both private and commercial continue to outsource jobs for cheap labor. Don't worry most jobs will be replaced by automation sometime in the near future.. So good luck out there

originally posted by: NateTheAnimator
FYI the "golden age" of American industrialism will never return, not if corporations both private and commercial continue to outsource jobs for cheap labor.

Neuter that cheap labor outsourcing through massive import tariffs and watch American industrialism return. Despite the chaos, America is still the largest consumer market in the world. Manufacturers will pay to play in a nationally protected system.