FundRobot » Indexed Funds » How rich can investing truly make you?

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Old   #1 (permalink)
 
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Default rich nvesting truly make you

Hey guys,
Was just thinking about investing and how rich can it truly make people?
For argument sake : How much money could be made from the following money following the advice of an average GoldMan Sachs Financial analyst?
€50,000 ($68140.00)
€100,000 ($136,280.00)
And Finally €250,000 ($340700.00)
My knowledge on the market is weak. But i was wondering here on general and realistic % returns which can be made year on year?
Thank you for your time.
Have a very good day.
And yes i mean stock investment. Cheers for that clear up.

TodayIBUY is offline   Reply With Quote
Old   #2 (permalink)
 
Posts: 2,613
Default rich nvesting truly make you

I'm not smart enough to understand what investment this is, but I believe you are refering to stock investment. lol.

Try real estate. With 20% mortgage, you can do very well for yourself with $70,000.
That's some good capital start-up.


Tbh, you are better of asking this question elsewhere than this forum. It really blows. The Financial IQ of some of the advice given is terrible. Read Financial books and go to a forum that specialize in stock. I used YA! when I was a teen, it's for teen. Not a site for financial advice for any matter, imo -- and expert truth.
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Old   #3 (permalink)
 
Posts: 2,578
Default rich nvesting truly make you

Just get lucky - and you can have the whole world. I bought one stock which went up 30% in a couple weeks.... I bought 4 others which immediately went down and have stayed down.

From what I can see so far NOBODY can predict the market. People like Cramer claim to do these predictions - but a quick study showed in 2008 that he actually did worse than the market overall - and he's preaching the market on the tv.

A reasonable gain in the market is most likely made in Index Funds - Vanguard. Take a peek. They are "unmanaged" - that means you're not paying some worthless "stock analyst" to go on vacations for you. They "index" a very wide segment of the market. So your fortunes rise and fall with the general economy.

Go to the Vanguard site and check them out - or get something like "Index Funds for Dummies" - that was a fun book.
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Old   #4 (permalink)
 
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Default rich nvesting truly make you

It depends what you invest in. You may lose as well as gain.
Basically the stock market is just posh gambling.
Mostly it's informed guesswork with a bit of luck.
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Old   #5 (permalink)
 
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Default rich nvesting truly make you

If, at the age of 11, you bought three shares of Cities Service Preferred for yourself, and three for your sister, and parlayed that investment into enough money to invest in a business owned by your father, then used THAT profit to buy a farm worked by a tenant farmer, you might be worth sixty BILLION dollars by the time you are 84....just like Warren Buffett....
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Old   #6 (permalink)
 
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Default rich nvesting truly make you

Warren Buffett-rich.
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Old   #7 (permalink)
 
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Default rich nvesting truly make you

You can make a lot or lose a lot really. You can either try to make lots of trades on stocks and find good deals here or there. But as an amateur investor you could flush a lot of money down the toilet that way, not including brokerage fees and taxes.

I think with that kind of capital, it would be better to invest in index funds, which are passively managed and track a particular basket of equities, without constantly worrying about trading and finding good deals. It's not as exciting, but less stressful and you can spend your time living your life instead of hunkered down in your basement studying the Financial Times.
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