Re: Anyone want to talk stocks and retirement?
I have a family member who "got rich" from Chipotle and when I asked him why he put so much money in them when they were "young" he said...."I liked their food"....he started with just a little bit and as they started to grow he started putting all his eggs in their basket....I understand that is the wrong way to invest but it worked for him and he laughs every time we talk about it....he truly invested in them cause he truly liked their food....
Medford.....what are your thoughts on buying penny stocks? i have been reading several online message boards and have read where some people are suggestion you start out with penny stocks and learn the game from that standpoint.....not sure if I even agree with that, maybe I could understand it if I was only interested in trading stocks, but I am wanting to "invest", not just trade stocks.
so at the age of 35, if I started with DRIPs and kept this poilcy going till I retire at the age of 55, would I be able to see a good chunk of money made from that in 20 years of doing that? I hope that makes sense.....
my wife and I both started in PERS and deferred comp when we were 21 and started our careers, we both will be elgible to retire at 55 with full benefits from pers and our goal is to walk away from work at 55 and not look back.....we dont want to be the people who work past retirement because we HAVE to....if we work it will be cause we WANT to.....I think we both understand that with both our pers accounts and both deff comps we should be able to retire and live a good easy life......we want more....we want to be able to retire at 55 and live the good life with no financial strain whatsoever......so being that we are going to have 20 years in "investing", can we make decent money in 20 years? I understand that as I get older I am going to need to invest more than the 100/month.