Originally Posted by
dracir1
You DO realize there's risk involved in the market...20% is great but not typical. You must be really smart. But how did your portfolio do during 9/11? During the housing crisis? During COVID?
Only a fool would prefer (praise) 401k contributions over solid salary. Especially when that salary is hundreds of thousands less. If you made $100k more per year but got 1% less of DC you'd still have more in your 401k (AND wallet).
But as I mentioned, you're a smart one. You already knew that.
First, I would never prefer retirement contribution over solid salary/hourly rate - that was never a question.
Your argument was that I should hate big corporations and not support the Amazons, Walmarts, etc. that don't pay workers the money they "deserve". And that line of thinking is fatally flawed if you are strongly supporting those same corporations by gobbling up their stock every pay period when you or your employer contribute to an S&P backed 401k plan. That was my argument.
And near 20% returns has been a cake walk over the past ten years. QQQ invesco is 19% over the past decade and that is a simple index fund. I am an idiot, not a day trader.