Sometimes Being an Adult Sucks (kinda gaming related, all finances)

[vlad321]

mrstickball said:
vlad -

Investing should come after your major unsecured bills have been paid for. I don't understand why you say 'money isn't for investing/saving'.....Yes it is. You should have a decent investment plan for retirement that is outside of the horribad pensions that the US government mandates you to have (which will either not exist when your older, or be nearly useless like my dad's is).

How old are your co-workers, vlad? I'd imagine that if they are younger than 50, they would want to keep re-investing until they reach retirement, and have a large retirement fund set back.

@Khuurta - I wasn't suggesting that 89% in 2 years was sustainable. They are looking to return about 20% per year from now on. That is still well above most other ways you can invest, outside of being a venture capitalist. The average rate of return on CDs and other such safe investments are usually in the range of 2-4% which is barely above inflation...

Find a good person to take care of your investments like I have, and you'll do well.

$50 a month at 15 and more now in T Row Price. I also put a bunch of money in just as everything went to hell back in 2008/2009 so I am expecting faster returns on that money. It's slow, but once you start early you are set and done and you can spend your money as you see fit AND have perfectly fine retirement.

My co workers were indeed younger than 50, the oldest one was around 45 and he was the oldest by a very good. In fact he was probably the one saving up the least. As for money is for saving/investing, it really is not, because there is no point in doing some things when old. You can't go trekking across the Alps, you can't ski, you can't go and get yourself drunk 24/7 for 5 days straight. There is a ridiculous amount of activities that get cut as a person ages, and that number only grows after 50 at a faster rate. You rest in your retirement and take the less expensive, calmer vacations when retired. You go on the high spending and do stupid things when you are young.

Basically, money is not an end in and of itself, you make money to enjoy your life. If the money is sitting in a bank, then you are probably not enjoying it very much whiel staring at the amount on your computer screen.