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To: SamAdams76
You haven't seen our 401k. Yeah, I'm serious.
9 posted on 01/01/2003 6:37:09 AM PST by mewzilla
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To: mewzilla
If your 401(k) was like the state lottery, it would be worth zero right now. Does your 401(k) statement read zero?

I have given at least 10% of my salary to my 401(k) since 1985. Even though it took a beating the last three years, I can still buy several houses with it. That's a much wiser choice than if I used that money for lottery tickets.

13 posted on 01/01/2003 6:40:59 AM PST by SamAdams76
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To: mewzilla
Historically money invested in the Stock Market has a 10% to 15% return over the long run. The secret is to not put all you money into one area and to hold a diversified portfolio. OH and have about thirty years to wait.

Money put into lottery tickets is lost for good.

Having said all that I too will by the occasional lottery ticket. I figure it's better than buying another bottle of soda pop and I might just get lucky, but I ain't holding my breath.

Happy New Year Regards

alfa6 ;>}
23 posted on 01/01/2003 6:48:33 AM PST by alfa6
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