Pic related is my retirement and rate of return. If I continue to put in $5,000 a year and assuming I retire at age 68... I'm 32 right now.
Would I be able to retire comfortably? Should I contribute more a year?
Any other investments I should be looking at?
>paying into a retirement fund
Just buy gold for fucks sake.
>wells fargo
willingly giving your money to a bank that has ties to every major financial fraud in the US
Yeah, I've been thinking about this. Do I literally just buy gold bars and keep it in a safe?
Is this a 401k?
Yeah, it's the bank my company set it up with.
>austrian economics
Yes
you'll probably get real answers there
do you even fucking know what a diversified account is?
>just buy gold meme
fuck off, you dont know how to build a portfolio.
get a 403b
You're probably right. This is my home board so I had to give it a try.
Contribute the max.Free $ + interest.
>fuck off, you dont know how to build a portfolio.
Neither do I. Please educate me.
Of course not.
Not like I x5d my money 2009-2011.
But that's all just memes isn't it?
Most of the money from my consulting job goes into buying gold, and periodically I buy property in the countryside.
lol I wish. I don't fall for fiat currencies.
You'll want to keep it safer than that.
What's the difference and the benefits of your suggestion?
I'm investing 3% over the max for company match. I like free money.
Money Master the Game
by: Tony Robbins
give it a read.
You're gonna get robbed. Take it from me
meant for
Coins are a lot easier to obtain than ingots, and you can buy them in smaller quantities. Easier to move, too.
Just don't fall for the Jewish tricks of "paper gold."
Thanks I'll check it out. I've always been ignorant about financial matters, I really need to start educating myself.
yeah sure, buy a gold bars in lego sizes
>paper gold
Lmao this just sounds terrible. Do you give your money to a company or back and they give tou a paper saying you have x amount in gold?
less risk, less interest. Depends how active you wish to be with your fund
have a portfolio, but isn't large right now and not too diversifies, around 10 different companies though
Whatever you can afford to put in it.It's tax free $ and you get to keep all the gains it makes,company match is free $. As young as you are,and with what you already got,it's a no brainer. You did good son.
>You did good son.
Thank you.
How much is needed for a comfortable retirement?
yeah that what paper gold is.
And you understand. Paper gold is a fraud. Ral coins and bars only
That is subjective. What will your bills be? What income will you j
have?
Oh...
Well... I'll just keep saving and see how it pans out.
You can't go wrong with physical gold coins, held by you, in a secret place in your house. Gold is going to explode in price because of all the debt in the world. Big hedge funds are starting to move to gold now, the price is going up up up.
Also, check out silver
No Snorting cocaine off of hookers tits cost money. Just lay out the lifestyle you want to live,plan for it then live it. You have to plan.
But gold doesn't pay any dividends. What do you say about that?
>plan
Fuck I suck so bad at this shit. I hate planning for the future...
Do other small things for income as well
Make music, write Android apps, well things, do jobs on the weekend on Craigslist
Save that money and it will add up. I have about 15k from Android app revenue saved up
I don't have an account with Wells Fargo so I have no clue what this shows. I fucking hope that isn't liquid cash.
A 0.38% rate of return YTD is fucking abysmal. My YTD return is nearly 8 times that. My portfolio is nearly 90% domestic/foreign stock. The remaining is domestic/foreign bonds, cash, and a very small percentage is convertibles and preferred stocks.
Life is simple. When shit happens,you deal with it. Retirement will happen,deal with it. You know how to save,.just stretch your imagination.
Agree.YTD for me is 10%.I almost feel Jewish.
>0.38
Putting in vanguard index fund would get you a wayyy better return and I bet they 0.38 is pre commission.
What you should do is to educate yourself on financial matters /biz/ , r/investing etc will help
how get into android app making?
Should I be worried about that year to date? The 3 year and 5 year rate of return is pretty promising, I'm in it for the Lon haul right?
Fuck I was think craigslist jobs... I'm so blue collared.
Learn Java if you don't know it already.
Download "Android Studio", a free program online which is very easy to use.
Look up videos on the finer details of using it but it's not hard at all once you can program what you want in your app in Java.
Advertise your app i you want to make money.
I dont know OP why dont you send me the login info for the account and i will find out for you?
You seem trusting enough.
Trust me, you don't want to be a code-monkey. It's a miserable, pointless existence and every day you wish you'd taken up something more useful and rewarding as a career.
t. Code monkey.
Index funds and gold.
sorry for the late response but if you are still here, do check out the mutual vs index funds.