Comments on: Define 'long term'?

By: The mythical stock market guarantee … « How to Make 7 Million in 7 Years™

Sat, 09 May 2009 07:04:06 +0000

[...] at far less cost: buy a low-cost Index Fund and wait 30 years to cash it out; I can virtually ‘guarantee‘ an 8.5% minimum [...]

By: Guaranteed Returns? « How to Make 7 Million in 7 Years™

Guaranteed Returns? « How to Make 7 Million in 7 Years™ — Sat, 04 Apr 2009 08:42:00 +0000

[...] far less cost: buy a low-cost Index Fund and wait 30 years to cash it out; I can virtually ‘guarantee‘ an 8.5% minimum [...]

By: At last a post that agrees with me! « How to Make 7 Million in 7 Years™

At last a post that agrees with me! « How to Make 7 Million in 7 Years™ — Sat, 07 Mar 2009 09:19:13 +0000

[...] and waits 25 years to cash out (hopefully, allowing enough time to get as close as possible to the 30 year 8% stock market return ‘guarantee’ that he’s heard so much [...]

By: AJC

AJC — Wed, 16 Jul 2008 16:48:43 +0000

@ Di – Good Luck!

BTW: Why BGC? The return on capital is not as astounding as I would normally like to see (I like 15%+) …

By: Diane Eats the Elephant

Diane Eats the Elephant — Tue, 15 Jul 2008 20:50:56 +0000

Thanks, AJ! In 30 years, I’ll be closer to spending too much on doctors I think, so I will have to re-evaluate how much the market can help me. Certainly, based on the above, there is no long-term strategy here for me.

I also find, tho, that as there are more speculators in the market (apt to have just reversed to more conservatives lately, but that remains to be seen), that your strategy of selling when the market seems to have caught up with your opinion of a stock is how I have looked at them as well.

One I have been very favorable towards is BGC and they again just dropped WITH the market, so I am looking at whether that is a good place to put some additional funds short-term as they recover quicker than the rest of the market, or to go with another I have a position in already, too. Yet this is for very short term by one of the definitions above.

So, I have new reasons to consider this strategy (stock market) is not going to set me up for a traditional retirement, altho I have never envisioned what that is yet for me. “Do not follow where the path may lead; go instead where there is no path and leave a trail.” Onward we go…onward and upward.