Ditto on Moss Road. Of course you CAN lose everything in the market...you CAN lose everything anywhere if you're not careful. A diversified portfolio, particularly in today's world of mutual funds which tend to be a lot less volatile than individual stocks, is all but guaranteed a decent return over the long haul, though obviously not for any given individual year. Losing big would pretty much require neglecting your investments, rather than just making bad investments.
$$$ Question
- Thread starter mjarrels
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Not necessarily.
Whether you need to 'keep your money growing' or not depends on what you have at the start of retirement. Consider Bill Gates. 0.1 percent return nets him over $25M per year. Won't support him in the lifestyle he may have become accustomed to but he ain't gonna run out.
MossRoad
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"A young man asked an old rich man how he made his money. The old guy fingered his worsted wool vest and said, "Well, son, it was 1932. The depth of the Great Depression. I was down to my last nickel. I invested that nickel in an apple. I spent the entire day polishing the apple and, at the end of the day, I sold the apple for ten cents. The next morning, I invested those ten cents in two apples. I spent the entire day polishing them and sold them at 5 pm for 20 cents. I continued this system for a month, by the end of which I'd accumulated a fortune of $1.37. Then my wife's father died and left us two million dollars."
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riptides
Super Member
MossRoad said:"A young man asked an old rich man how he made his money. The old guy fingered his worsted wool vest and said, "Well, son, it was 1932. The depth of the Great Depression. I was down to my last nickel. I invested that nickel in an apple. I spent the entire day polishing the apple and, at the end of the day, I sold the apple for ten cents. The next morning, I invested those ten cents in two apples. I spent the entire day polishing them and sold them at 5 pm for 20 cents. I continued this system for a month, by the end of which I'd accumulated a fortune of $1.37. Then my wife's father died and left us two million dollars."
... author unknown...
That's great.
Same process applies a lot to land owners.
Passed down from the generations. Good for them.
-Mike Z.
