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| Investment http://skullbrain.org/legacy/viewtopic.php?f=5&t=20326 |
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| Author: | garadama [ Fri Apr 11, 2008 4:17 pm ] |
| Post subject: | Investment |
Just wondering, what portion of money we will used for investment ? 10% of income ? the whole lumpsum of the coming tax-return ? what type of investment we put our money there ? Stock .. like coca cola, disney, birkshire,etc... Fund .. Forex .. Property ? How is the return ? I was taught at school long-term investment is a must for our retirement, but most of my money now goes to TOYS instead of the investment product 
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| Author: | justin [ Fri Apr 11, 2008 6:05 pm ] |
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 I learned that too. Toys have a small portion of my funds, and I hope to keep it that way this year. ;]
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| Author: | garadama [ Fri Apr 11, 2008 6:07 pm ] |
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just1nj wrote: :shock: I learned that too. Toys have a small portion of my funds, and I hope to keep it that way this year. ;] so a larger portion will go to other investment area ? I really wanna have a balance between toys and investment. And trying to stop my itchy hand to buy toys |
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| Author: | hillsy11 [ Fri Apr 11, 2008 6:17 pm ] |
| Post subject: | |
401k and Mutual Funds. |
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| Author: | lgcolddrink [ Fri Apr 11, 2008 6:20 pm ] |
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401k |
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| Author: | garadama [ Fri Apr 11, 2008 6:27 pm ] |
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may i ask what is 401K ? Is that like the retirement insurance in canada ? |
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| Author: | hypermook [ Fri Apr 11, 2008 6:30 pm ] |
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Pork bellies and Frozen Concentrated Orange Juice. |
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| Author: | hillsy11 [ Fri Apr 11, 2008 6:31 pm ] |
| Post subject: | |
It's an employer-sponsored defined contribution retirement plan. They have certain mutual funds or company stock you can invest in, and you contribute from your pay. Many times, the employer will match contributions. How much they match usually depends on how long you've been employed. |
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| Author: | justin [ Fri Apr 11, 2008 6:53 pm ] |
| Post subject: | |
garadama wrote: just1nj wrote: :shock: I learned that too. Toys have a small portion of my funds, and I hope to keep it that way this year. ;] so a larger portion will go to other investment area ? I really wanna have a balance between toys and investment. And trying to stop my itchy hand to buy toys pretty much. I don't buy a lot of toys or buy every colorway of a figure. Sometimes you just gotta lay off and sit some out. |
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| Author: | PaulieVinyl [ Fri Apr 11, 2008 7:18 pm ] |
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Waffles, tasty waffles! |
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| Author: | lgcolddrink [ Fri Apr 11, 2008 7:22 pm ] |
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garadama wrote: may i ask what is 401K ? Is that like the retirement insurance in canada ? Your company basically give you free money. Most will match percentages. My company matches 3%. So basically i have 3% taken out of my paycheck and they put in the exact same amount of money into my 401k plan. |
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| Author: | garadama [ Fri Apr 11, 2008 8:57 pm ] |
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lgcolddrink wrote: garadama wrote: may i ask what is 401K ? Is that like the retirement insurance in canada ? Your company basically give you free money. Most will match percentages. My company matches 3%. So basically i have 3% taken out of my paycheck and they put in the exact same amount of money into my 401k plan. At what age, the money can be taken out for spending ? And the lumpsum accumulated in the 401k would be enough for retirement ? I have no idea how big the snowball will roll at the very end |
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| Author: | bryce_r [ Fri Apr 11, 2008 9:01 pm ] |
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401k. |
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| Author: | hillsy11 [ Fri Apr 11, 2008 11:13 pm ] |
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garadama wrote: lgcolddrink wrote: garadama wrote: may i ask what is 401K ? Is that like the retirement insurance in canada ? Your company basically give you free money. Most will match percentages. My company matches 3%. So basically i have 3% taken out of my paycheck and they put in the exact same amount of money into my 401k plan. At what age, the money can be taken out for spending ? And the lumpsum accumulated in the 401k would be enough for retirement ? I have no idea how big the snowball will roll at the very end The money goes in pre-tax, so you are penalized and taxed heavily on it if it's taken out before 59 1/2. Nowadays, having only one retirement plan probably won't be enough. What you have in the end, really depends on ow much you contribute each pay period and the types of investments chosen. |
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| Author: | melek_taus [ Fri Apr 11, 2008 11:18 pm ] |
| Post subject: | |
Couple 401K's and my house. Still a good investment even tho the market sux right now. |
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| Author: | Nicky G [ Sat Apr 12, 2008 2:04 am ] |
| Post subject: | |
I have a simple IRA, put in 3% and my company matches that. Also bought a house recently. I sometimes worry I'm not doing enough at 30 to plan for the future, but then I remember that we only have less than 5 years until the zombie robot holocaust occurs, and then I think that maybe I should stop investing altogether and just buy toys! |
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