Bought a Hellcat

[03mustangdude]

Roth Ira for me started late at 23. 4 years later at 30th haven't touched it. Max every year.

[46Tbird]

That's a percent lower than long-term equity market averages. Most people would probably tell you 8% is what you should use - I could go on for hours as to why I think 6%-7% is more likely going forward. I use 6% for my personal modeling.

The life of my 401k shows 6.1%, and I'm not too happy about it. Oh well.

[slow99]

The life of my 401k shows 6.1%, and I'm not too happy about it. Oh well.

My guess is that you don't have a 100% equity allocation. Could be a lot of other factors, but that's my first guess.

On a side note, I just looked up long-term equity market returns (S&P 500):

Arithmetic Average Geometric Average
1928-2014 11.53% 9.6%
1965-2014 11.23% 9.84%
2005-2014 9.37% 7.60%

[Tremor14]

so fuck this guys hellcat, right?

[bcoop]

so fuck this guys hellcat, right?

No thread here has ever stayed on topic.


Forgive me for getting sidetracked. Or don't. I really don't give a shit.

[Sean88gt]

I was ignorant to the ways of a 401k early on in life, and raising a kid with no financial help, I couldn't really afford it. I was working 2-3 jobs just trying to make ends meet, then "other things" kept coming up as they always do. I put myself in a really tight spot when I started contributing, but the effect wasn't even noticed after a month or so.

I got a statement the other day, and was floored at what it had grown to. Just wish I had started earlier in life. Even if it was a measly $100/month. I can't afford to let my kids make the same mistake I did. So, so stupid.

School sure kicked mine in the dick. The hope is that I can put more in than before. Short of student loans, I have no other debt. I need to run some tables on what it'll take to catch back up, and get my hustle on.

[Cooter]

so fuck this guys hellcat, right?

what Hellcat?

[dblack1]

That's a couple percent lower than long-term equity market averages. Most people would probably tell you 8% is what you should use - I could go on for hours as to why I think 6%-7% is more likely going forward. I use 6% for my personal modeling.

If some one could basically tell me 6-7% I'd probably invest.

What is the safest way someone could see a five percent return without needing to stay up on things and it would be accessible without some penalty aside from cap gains?

As it is I'll be 35 this year and will have been in full time employment for ten years exactly a year from now. I've saved zero dollars for retirement. I've got money saved, but at anytime I might use a large part of it.

I think self employment really sucks at times due to insurance and retirement. Too many variables in day to day life that make it difficult to put money in inaccessible places.

[Broncojohnny]

If some one could basically tell me 6-7% I'd probably invest.

What is the safest way someone could see a five percent return without needing to stay up on things and it would be accessible without some penalty aside from cap gains?

As it is I'll be 35 this year and will have been in full time employment for ten years exactly a year from now. I've saved zero dollars for retirement. I've got money saved, but at anytime I might use a large part of it.

I think self employment really sucks at times due to insurance and retirement. Too many variables in day to day life that make it difficult to put money in inaccessible places.

S&P 500 index fund with no load. It will probably take a $10,000 investment to get into one but there is no management at all. Over a ten year period it will beat 8 out of 10 actively managed funds. Over a longer period it just gets better than that.

[kennybo]

so fuck this guys hellcat, right?

Lol

[Tremor14]

post pics when you get it.. i bet you could make the first payment by charging us $5/ride.

[slow99]

Lol

I never posted congrats, good job man - that's an awesome ride.

[OrangeChevyII]

There's a guy over by my shop who has a green one. Must be a pretty solid built car cause he rags the piss out of it every. single. day.

[kennybo]

post pics when you get it.. i bet you could make the first payment by charging us $5/ride.

At full throttle it burns down a gallon and a half of fuel per minute. Might have to charger more than $5 per ride.

[sig239]

This thread derailed fast than amtrak..