Quote:
Originally Posted by lewdog
Sitting in cash allows your to be eaten up by inflation in no time, especially if your timeline is a decade or more. The $10k you saved in 2004, is not worth anything close to $10k in today's money.
You realize if the market corrects 10-15% this week, people are still sitting with more money than they had a year ago? Factor in compounding interest over decades and it's very hard to lose money in the stock market with consistent investing across mutual funds, ETFs and indexes. Dabbling in individual stocks is a different story, however.
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Yea, I know you are correct. You may not remember, but me and you had a brief discussion about this over on the DC side a while back. I'm that type of guy that looks at investing like this. If I keep all my money and my employers match plus the little dab of interest/dividend it accumulates, I am satisfied. Like I said, I'm not a gambler.
And for the record, the
in my reply was to his joke, not anything else. Definitely not trying to be rude or anything. I have a very meager traditional IRA and the 401k down at work. Love reading this thread and seeing how those of you who are brave are winning the game. Sometimes I wish my brain wasn't wired the way it is, I could possibly be making coin too
