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Old 04-18-2006, 08:56 PM
DMD DMD is offline
DR BMW
Location: Iowa
 
Join Date: May 2002
Posts: 223
Mein Auto: 05 PY M3 Coupe
Quote:
Originally Posted by chuck92103
At your age, every $50k spent on a new car, is $500-$700k lost in retirement dollars. The fact that you think $43k only yields $100k in 40 years troubles me.

I would fully fund my retirement at 15% or more pretax 401k, IRA, etc. before buying expensive cars. IMHO
I might not be a finance major but if you look at retirment figures they are all based on the last 20 year or 30 years % return in the stock market (which included the dot.com boom)....but an investment today of 50K is probably not going to see that kind of return...You can contribure 42K to a ROTH IRA in a year, a 401K is not really an option for me, real-estate is an option...I am not saying I am not going to invest, but I will simply start when I am 28 as opposed to 26....
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