Retire at age 40
07-17-2007, 08:17 PM
#2
Administrator
Joined APC: May 2006
Position: C-172
Posts: 8,024
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.
I know it worked for me although Slice thinks I can't afford a Marquis Jet Card from NetJet.
07-21-2007, 10:47 AM
#4
Gets Weekends Off
Joined APC: Jan 2006
Posts: 305
Originally Posted by maximaman
How safe is your money in those S&P stocks? What happens if the market takes huge hits.
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.
07-22-2007, 09:31 AM
#6
Gets Weekends Off
Joined APC: Jul 2005
Posts: 2,242
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
Its closed to new investors , but that may change in the future.
-LAFF
http://money.cnn.com/galleries/2007/...mag/index.html
07-29-2007, 09:40 PM
#7
Gets Weekends Off
Joined APC: Aug 2005
Position: tri current
Posts: 1,485
Originally Posted by LAfrequentflyer
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
Its closed to new investors , but that may change in the future.
-LAFF
http://money.cnn.com/galleries/2007/...mag/index.html
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
07-31-2007, 05:35 AM
#9
Gets Weekends Off
Joined APC: Jul 2005
Posts: 2,242
08-01-2007, 07:56 PM
#10
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,244
Originally Posted by LAfrequentflyer
I got into the D&C international fund two years ago. Another good move on my part...I hope it keeps performing well.
-LAFF
-LAFF
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