grill and hookah

[Flipx99 5,000+ posts]

Free monies....... idiot. It isn't free it puts the country further in debt

Who cares? I sure don't.

 

[tappin_azz 10+ year member]

Free monies....... idiot. It isn't free it puts the country further in debt

you democrat hippie ***. go hug a tree, watch your solar powered TV, and ride your bike to work. Bush know what tha fvck he is doing.

 

[tappin_azz 10+ year member]

1. Saving $16,000 in one year is no easy feat for many people on this forum.2. You can't "put money in a roth ira". It is a legal holding account. Within a roth ira, you may purchase a variety of securities, including mutal funds.

3. You have no idea of when he will retire, his risk profile, asset allocation, etc. Just dropping $16k in any mutual fund may or may not yield a rate of return that results in $2MM by the age of retirement. Furthermore, $2M may or may not be a signifcant sum at the time of retirement.

i actually retired last november. well, thats what i tell my probation officer.

 

[benchambers80]

1. Saving $16,000 in one year is no easy feat for many people on this forum.2. You can't "put money in a roth ira". It is a legal holding account. Within a roth ira, you may purchase a variety of securities, including mutal funds.

3. You have no idea of when he will retire, his risk profile, asset allocation, etc. Just dropping $16k in any mutual fund may or may not yield a rate of return that results in $2MM by the age of retirement. Furthermore, $2M may or may not be a signifcant sum at the time of retirement.

Thats why i said to save 15k for a security fund(for emergencies). I never said one year. I think roths are limited to 2k a year and have to be earned.

Regardless, I was just giving him general direction. There are many factors to consider as you pointed out, but these should be discussed with your financial adviser.

Saving > Buying a platinum grill.

 

[Flipx99 5,000+ posts]

Thats why i said to save 15k for a security fund(for emergencies). I never said one year. I think roths are limited to 2k a year and have to be earned.
Regardless, I was just giving him general direction. There are many factors to consider as you pointed out, but these should be discussed with your financial adviser.

Saving > Buying a platinum grill.

He is 25 years old.

Plus, I don't see why he would need $15,000 in a security fund. In his financial position, $4k tops.

Roths are limited to $5k.

Seen the price of platinum lately?

 

[billabongcr 5,000+ posts]

You should. When the economy is bad is when it is time to buy. Just don't look at your portfolio everyday. If you try to time the bottom, best of luck. I cannot do it and I don't try.

im still only 20, so i was just gunna start throwing money into an account that pays atleast something half way decent and never look at it. end of every year sometime in december throw in $365 (dollar for everyday) into it and a however much of my tip money (until i get a salary job). would prob be somewhere around $3k/year for now, and was planning on when im out of school and working live on at max half my income, quarter in my spending account for bills and quarter into whatever account i start for later in life

whatever i plan to do, i want to have around $750,000 -$1M in the account by 60

 

[Chevillac 5,000+ posts]

Free monies....... idiot. It isn't free it puts the country further in debt

who cares, you think we are getting out of this debt anytime soon?

http://www.brillig.com/debt_clock/

 

[SSS 18734 5,000+ posts]

Take that money and save it. and save every penny you make untill you have 15K.
Then save every penny beyond the 15k put in a roth ira or a mutual fund. Put 16k in their by the time you turn 26 and when you retire you will have 2million dollars.

Then go get some teeth because you will need them.

Assuming you find a mutual fund that will consistently net you 13.18% annual interest for the next 39 years (for a retirement age of 65). Please let me know where I can find said magical mutual fund that outperforms the average stock market return so that I can retire early.

You'll be lucky if you have half a million... And after you take inflation into account, that $16,000 will be worth less than $200,000 when you retire.

 

[benchambers80]

He is 25 years old.
Plus, I don't see why he would need $15,000 in a security fund. In his financial position, $4k tops.

Roths are limited to $5k.

Seen the price of platinum lately?

Actually no, I haven't seen the price of platinum. I said 15k because I have a family to support and I was unaware of his situation.

 

[smd4life 5,000+ posts]

since we getting some free monies pretty soon, im thinkin bout buyin me some new stuff. i had the idea of gettin a platinum grille, but i have no idea how many bills one of those would set me back. also, it would be hella sweet to get a bigass hookah to smoke up with tha boyz. i dont wanna spend all of it on new threads and kicks like i been doing. any other ideas yo?? help me spend my cheese.

what it do!?!

buy a gat....and one bullet....figure out the rest

 

[benchambers80]

My parents average 12% return.

http://www.scottrade.com/

 

[billabongcr 5,000+ posts]

My parents average 12% return.
http://www.scottrade.com/

account # and password?

//content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif

 

[benchambers80]

buy a gat....and one bullet....figure out the rest

If you need help, op figuring this out, please pm me so I can help.

 

[benchambers80]

account # and password?
//content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif

354891535

and password is a secret

 

[twisztdauthorit 10+ year member]

bbq was the first thing that came to mind when you said grill..

seriously.. though... why?