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Advice to young MGTOW: How to invest successfully and retire at 55 (self.MGTOW)

ThePenitentMan38 が 投稿

  1. The trick of successful investing is to start as early as possible. When a young man first start working, he is not making much money, but he should starting putting money in the market anyway, even if it is only $50 a month. Invest more as your income grows.

  2. It takes money to make money. In the first 10 years or so, your investment is going to grow very slowly, because your contribution is small. This is the flat period. But as time passes, your investment will grow faster and faster. Assuming you start in your early 20's, by the time you are 50, you can easily have half a million dollars in the market.

  3. Choose a whole-market index fund and let the market rise and fall. Don’t go after hot stocks; don’t chase the market. That’s recipe for disaster.

  4. Never take money out, even during a market crash; the market will eventually recover. If you have 401K benefit at work, take advantage of it. Some companies may have employer matching.

  5. Stay away from women. They are giant vacuums of your money. It goes without saying...

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[–]Mr_Lonesome 1 ポイント2 ポイント  (1子コメント)

Great advice. Thanks. I am 30 now looking to get into monetary investments. Fundamentally, where should I start? I only maintain employee retirement accounts? Should I hire a broker or use the etrade versions and manage it myself? Should I invest while paying off (awful) student loans or pay the debt off first?

On #3, where are good resources for those types of whole market index funds? By whole market does it include different sectors (securities, commodities, currencies, etc.) or one exchange like NASDAQ? I am interested in investing in the US freight railroads (UP, BSNF, KSX, NSF, CSX) and energy (natural gas, coal, etc.) as they are usually very stable and are utilities that people always need.

On #4, to never take money out which is crucial for retirement account, so when you sell you should not cash in gains or re-invest back in? Thoughts on annuities? Real estate? Even cryptocurrency? Sorry for the litany of questions. Thanks again!

[–]ThePenitentMan38[S] 0 ポイント1 ポイント  (0子コメント)

Should I hire a broker or use the etrade versions and manage it myself?

You don’t need a broker for index funds. You can easily manage it yourself. The broker fee can be a killer and a broker usually has a substantial minimum investment requirement.

Should I invest while paying off (awful) student loans or pay the debt off first?

If you have credit card debts, pay them off first, because the interest on credit card debt is outrageous. I will make the minimum payments on student loans because the interest is more reasonable. For example, the interest on student loan is about 4-5% currently, but the return of the Vanguard S&P 500 Growth Index fund is 13.78% as of 5/31/17. You have a net gain in the market. While you are paying off your debts, you should invest at the same time, just to keep the momentum going.

On #3, where are good resources for those types of whole market index funds…

Check out the Vanguard Total Stock Market Index Fund. You have exposure to the entire stock market, including all sectors. It is the safest investment there is. I tend to avoid sector funds, because they are more risky.

…when you sell you should not cash in gains or re-invest back in…

For you index fund account, you can specify automatic re-investment of your capital gains and dividends. Don’t cash out your shares. Always stay fully invested.

Thoughts on annuities? Real estate? Even cryptocurrency?

I won’t touch those things with a 10-foot pole, but that’s just me.

[–]801735 0 ポイント1 ポイント  (0子コメント)

TY!

[–]carini_bustout 0 ポイント1 ポイント  (0子コメント)

401K

A silver lining about staying put during a market correction is this: If you are putting, for example say, $100 of every paycheck toward shares of a (401K) mutual fund(s), the current price per share of that fund is lower during a recession. So you are actually buying more shares of that fund for that $100 while the market is down.

ELI5: if the price per share of XYZ Constellation Fund is $25, you are buying 4 shares of that fund per $100. When the market falls, and that XYZ price per share falls to $10 per share, you are now buying 10 shares of that fund per $100. When those shares you own increase in value down the line, your portfolio flourishes.

Just a simple but not-so-clear concept that keeps me calm when it comes to market fluctuations.

[–]DangZagnut 0 ポイント1 ポイント  (0子コメント)

  1. Absolutely true. i started at my first job. The more you suffer at the beginning, the more you live in leisure at the end. $1000 early on pays massively at the end.

  2. Easily have a half million. That's just if things go lightly O.k. People really need to stop waiting until they're 40 to save for the future.

  3. There are several good strategies of diversification. But the "best" and most consistent ones are a mixture of bonds and index funds. DCA works very well despite ups and downs. If you want to invest in a "hot stock", make sure that you own and run the company you're investing in.

  4. That's what I hate to see the most. People quit their job, and empty their 401k to "tide them over" while they look for a job. No you idiot. Eat Ramen, sleep on couches, walk with a limp. You better be literally bleeding out before you rape your future by emptying your investment accounts for bullshit. And for God's sakes. Never empty your 401k for a wedding or engagement ring. And don't be lazy. Get your ass a job. None of that bullshit about how you can't find one. That's total horseshit. You mean you can't find one you want that meets your standards. You're NEVER too good to sweep the streets. You can always quit and find a different one later. Do not fuck your future. Jesus these people sound like bimbos chasing Chads. "I can't find a husband!" while turning down 100s who are interested. Jobs are the same thing.

  5. Well that goes without saying. They are the number one liability, followed by children, your number two liability. Avoid them all. Once you're rich, secure, and retired, then date all the beach bunnies you want. Adopt that 18 year old Vietnamese girl you have your eye on. Whatever you're into.