For you RK.........
If you where to put $2000 thousand dollars a yr. in a good mutual dividend paying fund starting at the age of 19 and stopped putting it in at the age of 26 or so.. you would be worth up to 2 million dollars by the time you retired...????????? AMAZING! all by simple compound interest...
Most of us do not get out of college until we are already in our mid twenties today. The 4yr college degree has now stretched to 6 yrs. Colleges have found ways to keep people in school longer, so they can make more money and keep people out of the job market that we all know already that unemplyment is really sitting between 15-20%... many have just given up hope of ever working again and most of those have lost everything they had worked their entire life for.
So, how do you as an investor beat this lovely system, you start young or you try to catch up like alot of folks... so the more help you have the better....
If you where to put $2000 thousand dollars a yr. in a good mutual dividend paying fund starting at the age of 19 and stopped putting it in at the age of 26 or so.. you would be worth up to 2 million dollars by the time you retired...????????? AMAZING! all by simple compound interest...
Most of us do not get out of college until we are already in our mid twenties today. The 4yr college degree has now stretched to 6 yrs. Colleges have found ways to keep people in school longer, so they can make more money and keep people out of the job market that we all know already that unemplyment is really sitting between 15-20%... many have just given up hope of ever working again and most of those have lost everything they had worked their entire life for.
So, how do you as an investor beat this lovely system, you start young or you try to catch up like alot of folks... so the more help you have the better....
MONTHLY Dividend stocks or funds... most are trusts, SJT, MTR, PGH... http://www.italkcash.com/forum/equities/11884-monthly-dividend-stocks.html here are just a few... I like the U.S. trusts better... why, you have to pay Canadian tax so it cuts your dividend, but some are cheap and you can own more for a little.
'My" favorites are PGH, SJT, MTR... MTR is probably my favorite of the 3... pays a very nice dividend usually 10 out of 12 months... that compounds fast... so sit down and figure it out.. if you re-invest the dividend and just let it keep compounding... wa- La! it begins to add up and over a 20-30 yr period it is worth alot more than sitting around trying to figure out when to buy and sell while your trying to do your job. How do you think the rich keep getting richer..????? they set up funds for their newborns and those kids are millionaires by the time they are 40 yrs old... time is on a babies side.... take care RK, and thanks for the comments...L.
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