Originally Posted by bucksfan2
The power of compounding interest. Up until this past stock market crash the marked paid very well. Why make 1-2% when you can make 8%? I guess the key is to diversify. When you put all your eggs in one basket you get burnt.
That article was very interesting. Its amazing how much money those pro athletes pissed away. At the same time I am 26 and when I got my first job out of college I had a lot of expendable income. I can't even imagine being flush with money, having a lot of free time on my hands, and living a lush lifestyle.
Its very simple.... because I can make my 1-2% without much risk, where in the stock market my money can just disappear in a crash or even a bad investment somewhere. If I have MILLIONS of dollars, I am not all too concerned with making 1-2% on that rather than 8% that is much more risky. I still have MILLIONS of dollars.