Posted by JD Seller on March 23, 2018 at 22:18:11 from (208.126.189.95):
In Reply to: Re: Stock market posted by Lanse on March 23, 2018 at 20:06:49:
Lanse The stock market will make more over the next forty years of your life than all those "Tangible assets" you have. Many of those personal assets you have now will have little to any value in forty years. A home or real estate will but vehicles and shop tools will not hold or gain much in value.
At your age even a small amount in a medium growth mutual fund would create you a very good sum of money when you reach retirement age.
Real life now. Fifty years ago I put $2500 into a mutual fund. That money just bought land that is now my daughters. I did nothing other than the initial investment.
Right now with low interest rates CDs, money market accounts, saving accounts, and other passive saving plans do not even break even when you figure taxes and inflation.
Gold and other rare metals have a very poor long term investment return.
The stock market is a yard stick that measures the rough value of the companies that are traded on it. The simplest way for most people to participate is a mutual fund that spreads any risk out over many companies.
Lanse I will not live to see you benefit from any long term investment. If you just put a small amount, like $2000 in a modest Mutual Fund now and forgot about it for the next forty years it would benefit you more than you think.
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