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Old 04-18-2006, 08:11 PM
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Location: New England
Join Date: Nov 2003
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Originally Posted by DMD
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 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....
The money for the M3 isn't the problem, what the problem is you mentioned you're single and that means the financial bliss you're experiencing right now won't last forever. Just wait, you won't believe how expensive a wife & two kids can get. Sure your wife might have a career but that doesn't mean she's going to spend that money on things you want.
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