I made my savings thru owning stock. Instead of 8 or 10 or 12% return the company I work at gets with a 401k plan, I have been getting 300% or 100% or 50% etc. Much higher returns by just looking up what stocks are going up the highest and buying them. The list is below. Tesla I did not make money with but bailed when it started going down! I missed the recent rise by a few months.
They have been tech stocks except for Tesla & Ford.
AMD, NVDA, NFLX, AAPL, TSLA, F.
I also have borrowed from the broker more money to buy more stock when I think that stock is a steady riser. They charge 7%....
Started in 2009 with 13k and now over 7 figures. I figure after taxes if I never invest again, I will have enough for 50k a year for a few decades just spending the principle which I would not but instead live off the interest made (rates are too low now) or making more from stock. I expect a comfortable retirement unless I marry a young blonde who loves my money er.. me.
When I start collecting SS at 70 I will get another 31k a year so 80k+ and I expect my stocks to keep making money like the AMD I have now and the future Starlink stock coming some day (internet, cell, video from SpaceX Musk).
I expect to double the money and more in the coming years and I did it despite the gov’t taking most of my money. I resent hearing from gov’t people that they do not think you have paid enough while they get everything paid for along with many bribes. The rules in the article just get me angry. They want you to jump thru hoops or line up to kick the football and have a ‘Lucy’ pull the ball away and move the hoop and add another for you to jump thru.
We find out others like billionaires who scold us for wanting a nice life are paying less then 1% tax.
I just wish I invested earlier when I was decades younger.
Minnesota-be careful. Even the experts can screw up with other peoples money. I stayed with my company 401k but moved it away from the company stock at first chance. Didn’t want to end up like Enron. One big market correction and you could be ruined more than the rest of us. Under Biden I’m wondering if there’ a big correction sooner rather than later. If anyone has over a million and they’re over 50 I’d be worried about being too old to go back to work.