It still is for wealth building, but I'll agree with you. Wall Street makes much more on those their to gamble than they do on investors.Buying stock and holding it was the main way it was done back before Wall Street became a Casino.
God your a dumb fuck!
Seriously are you like a junior clerk or still in college!
I retired in April invested the lump sume in June and have made as much as I would have working.
Hey trader/gambler I calling you Kenny Rogers from here on!
Buying stock and holding it was the main way it was done back before Wall Street became a Casino.
I'm starting to think you are not as broke as your stupid comments here.Seems like your story is changing a little big puddin. You first said you made all of your riches by investing long term in oil stocks. Now you claim to have gotten a "lump sum retirement". Maybe you were one of those scumbag drug reps as Pharma is one of the few industries that still has huge lump sum payouts at retirement.
But, let's say that you are really generating $1,000 a day as you claim. The average dividend yield for oil companies is about 5% a year. So in order for you to generate $250,000 a year in income of of dividends, you would have to have $5 million in principal. Now there is no way in hell you got a $5 million lump sum from a pension. Not a chance in hell.
Now you may have $1 million from a lump sum retirement. That doesn't prove any investing acumen. All that proves is that you hung on at the same job for 20 years without getting fired. I guess that is worth $1 million.
Why do you have to lie?
You can do both. You sound like you will make a good dad. Do it for your sonI prefer to make my income by going to work in a job I enjoy!!
That's me happy!!
Though more time with the little one would be more rewarding, retirement next September I hope, then full time raising the kids!!
Now that is the most rewarding of returns!
This says you just got out of college, you have a hard on for that previous retard comment.That is what the big wigs on Wall St wanted to you to believe. There was a time when people invested in companies to share in the profits through dividend payouts. Not anymore. Yeah, buy and hold. It is wonderful. Go look at what buying the S&P in 2000 to now would have done for you. You would be basically flat not even accounting for inflation.
You make stupid assumptions more that good ones!Seems like your story is changing a little big puddin. You first said you made all of your riches by investing long term in oil stocks. Now you claim to have gotten a "lump sum retirement". Maybe you were one of those scumbag drug reps as Pharma is one of the few industries that still has huge lump sum payouts at retirement.
But, let's say that you are really generating $1,000 a day as you claim. The average dividend yield for oil companies is about 5% a year. So in order for you to generate $250,000 a year in income of of dividends, you would have to have $5 million in principal. Now there is no way in hell you got a $5 million lump sum from a pension. Not a chance in hell.
Now you may have $1 million from a lump sum retirement. That doesn't prove any investing acumen. All that proves is that you hung on at the same job for 20 years without getting fired. I guess that is worth $1 million.
Why do you have to lie?
That is what the big wigs on Wall St wanted to you to believe. There was a time when people invested in companies to share in the profits through dividend payouts. Not anymore. Yeah, buy and hold. It is wonderful. Go look at what buying the S&P in 2000 to now would have done for you. You would be basically flat not even accounting for inflation.
You can do both. You sound like you will make a good dad. Do it for your son
10 percent of you paycheck in great stocks
A Kentucky geniusYep why I sold all my stock right before the fall started.
And bought Gold Eagles for around $550.
The recession cost me not one dime.
And boosted my gold by about 200%.
A Kentucky genius
Which means ou can tie your own shoes