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re: Dividend stocks and DRIPs as a long term investment vehicle
Posted on 6/24/13 at 8:51 am to ThaBigFella
Posted on 6/24/13 at 8:51 am to ThaBigFella
You are throwing down 3 million dollar values as a assumption in retirement, AND are talking about retiring early.
That doesn't combine with "normal money"
Although it might just be making 90k really early in life and holding steady....
Nonetheless, the point remains.
That doesn't combine with "normal money"
Although it might just be making 90k really early in life and holding steady....
Nonetheless, the point remains.
1
Posted on 6/24/13 at 8:54 am to Volvagia
Umm the average person who retired at 65 with a 44 year career of saving and growing would easily have $3M dollars
If you bought $1000 of coke in 1969 at 21 years old and added $200/month for the next 44 years you would be worth over $5.1M today
use a backtest calculator and see for yourself
LINK
Seems to me like a pretty normal person could have achieved that? Coke's been around for over 100 years
$5M @ .18% management fee is $9000/year...thats all i said, try to avoid that fee, do your own research
If you bought $1000 of coke in 1969 at 21 years old and added $200/month for the next 44 years you would be worth over $5.1M today
use a backtest calculator and see for yourself
LINK
Seems to me like a pretty normal person could have achieved that? Coke's been around for over 100 years
$5M @ .18% management fee is $9000/year...thats all i said, try to avoid that fee, do your own research
This post was edited on 6/24/13 at 8:56 am
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