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well say I guarentee you 7% per year which comes out to say 40.00 per year worked each month which I will give you after you retire with 30 years working.
That would be 1200 per month for the rest of your life.
After 15 years I say to you that you can still get that 1200.00 but I am going to have to have you give me 16% instead of 8% from now on. But you say we had an agreement in writing, we both signed the agreement. You need to keep it the same you say and I look you in the eye, well I screwed up and I want to change it. besides I think it's a good deal for you.
Am I headed for jail yet?
If I came to you and told you that if you give me 8% of your income and based on how many years you do this I will promise you a set amount of return. Then 10 or 20 years into this agreement I come back and say well things haven't worked out well and I did a poor job of what I was trying to do and if you want what i promised, your going to have to double what you were giving me.
I would cut my losses and probably stop investing my money with people I meet on internet message boards.
So as Im following it Im going to get my 8 percent back 30 years down the road? That sounds like a horrible investment.
So as Im following it Im going to get my 8 percent back 30 years down the road? That sounds like a horrible investment.
Same to me. But then That's why I dont invest with the government.
So as Im following it Im going to get my 8 percent back 30 years down the road? That sounds like a horrible investment.
Same to me. But then That's why I dont invest with the government.
Horrible investment. If you're going to tie up my money for 30 years, you're missing a couple of zeros at least on that 7% return.
Same to me. But then That's why I dont invest with the government.
Horrible investment. If you're going to tie up my money for 30 years, you're missing a couple of zeros at least on that 7% return.
How do they provide a 7% return?
Why would i give my money to someone else to have them give it back to me. It makes no sense. If im going to work for money i want my money now. I can pay off my bills.
LOL, he's not.Horrible investment. If you're going to tie up my money for 30 years, you're missing a couple of zeros at least on that 7% return.
How do they provide a 7% return?
Why would i give my money to someone else to have them give it back to me. It makes no sense. If im going to work for money i want my money now. I can pay off my bills.
If you have 7% to sock away every month, go buy silver and forget it.
Lately, if you held it a month you'd make more than 7%.
The scenario Iowa 10000 is proposing is for people who don't have much money to begin with. That being the case, their return doesn't really matter. It isn't going to be enough anyway, and you're exactly right.....they'd be far better off just paying off their bills.