FROM THE STREET ABOUT WALL STREET! DOES ANYONE REALLY HAVE AN ANSWER?
Have you ever wondered how the rich got their wealth and then kept it growing? Do you dream of retiring early (or of being able to retire at all)? Do you know that you should invest, but don't know where to start? If you answered "yes" to any of the above questions, you've come to the right place. In this discussion we will be looking for the best way to go about investing.. The world of finance can be extremely intimidating, but we firmly believe that the stock market and greater financial world won't seem so complicated once you learn some of the lingo and major concepts.
We should all understand investing isn't a get-rich-quick scheme. Taking control of your personal finances will take work, and, yes, there will be a learning curve. Lets talk investing!What do you think should be done?
From what I have been reading, according to the "experts" LOL the best approach to investing is making regular deposits into a mutual fund or something for the long haul. Whatever that something is, it needs to be good. But these "experts" can never really tell you what is good with any real degree of accuracy. So if I put my money into a fund that one of these jokers recommends to me every month that does ok to crappy what will that do for me over the long haul they talk about? There has got to be more to it than this. It seems these investment guys make big money off of us going and coming and then turn around and tell us to hold on and take the pain and hope for a brighter day. When I think about it, I would not mind paying big money to an investment guy that was making me big money in the process. But I wonder can we both make money together? Or is it the Wall Street guy makes the commissions and fees while the clients bleed?
Yes! They stole our Ancestor Invention and padded it and pass it on unto there children while our ancestor slave themselves into a grave and Yes we african Americans still feel the effect today. we have a our marden day slave master is our united state government.
We all must remember what the power of compounding can do for the growth of our money over time. If some one can invest over time while compounding at an average annual rate of return above 30% per year they would not need to save a lot of money every month to reap a huge reward. For example, if some one was able to invest $2,000 per year or $166.00 per month for 20 years at a 32% annual compounded rate of return they would have accumulated over $1.6 million dollars. Remember they put in $2,000 per year for 20 years. That is only $40,000 invested in all. But they would have accumulated over $1.60 million. That is the power of compounding.
Keep in mind many so called professionals would debate if the Supra Vantage could produce returns in excess of 30% per year over time. FYI. the Supra Vantage has been running strong since January 1, 2005. Today in 2013 it is still running strong. So who knows when it will break. All I can say is the Suipra Vantage party is "red hot" and is in full swing and getting hotter. So come join us we are having a REAL BLAST.
That all sounds good, but I am hearing you can be on of those money managers that gets paid to keep losing money. How much home work do they do I wonder.
How can I really learn from one of these pros. any advice. I really need to make a change. This is getting old real fast.
I have learned a lot about investing and returns. Take a look at these compounding examples.
Now I know what I can realistic shoot for.
I will do all I can to educate my self so I may educate my congregation.
For my people perish of their lack of knowledge...