Retire at age 40
 

The theory behind it is simple and it works, if you have the fortitude to stick with it for the long haul. You basically have to consciously make a lifestyle change. Besides, not many 20 year olds make $60,000 per year unless they were doing something illicit. Another option is to try and save a bit less, but do it for a longer period of time.

I know it worked for me although Slice thinks I can't afford a Marquis Jet Card from NetJet. ;)

How safe is your money in those S&P stocks? What happens if the market takes huge hits.

The stock market is extremely safe in the long term (20+ years), not so much in the short term. Don't put next month’s house payments in the stock market; put your retirement money that you won't touch for another 30 years in it.

The biggest advantage with index funds like the S&P, Dow, etc. is that they give you instant diversification and are professionally managed. The largest disadvantage is that they managed for a fee (they keep a certain percentage of your return).

Hope this helps.

Thanks for the info.

Stock Funds
 

Dodge and Cox Stock Fund is the best one out there if you want a no hassel US Stock Fund to invest it.

Its closed to new investors , but that may change in the future.

-LAFF

http://money.cnn.com/galleries/2007/...mag/index.html

I'll agree with this post 100%. I've been in Dodge and Cox Stock Fund for 15 years and it has been both my single best, and easiest to manage investment. I've also been in their International Fund for 3 years and it has done extremely well in that time.

Sadly I'm already 42 and nowhere near capable of retirement. Should have bought a house in California in the mid 90s. Oh well.


Typhoonpilot

I got into the D&C international fund two years ago. Another good move on my part...I hope it keeps performing well.

-LAFF

http://moneycentral.msn.com/detail/s...d&symbol=DODFX

http://moneycentral.msn.com/detail/s...d&symbol=DODGX

-LAFF

I've been in offshore stuff for a while...was pretty nervous at first, but it's doing great.