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New jerks jerkolusions thread
tania:
jens, if you have not already read 'please kill me' (by legs mcneil and gillian mccain) i think you would love it. you seem to like all the same music books i do.
Cicero:
--- Quote from: pen on 31 Dec 2008, 08:18 ---I have no idea what a 2040 is...?
--- End quote ---
A 2040 would be an investment that would be low-risk, low-reward. You're not going to make a ton of money on it -- but you'll never lose money. It's a safe bet. Say you put in 5,000 dollars into a 2040 fund through someone say like Edward Jones, you might earn 5% on that a year. So, 250 bucks. Well, 250 bucks a year over 30 years or so ends up being a nice little reward at the end of the tunnel. You'll gain more than that though -- I'm just using an example to help you out.
A 2010/2020 investment would be putting in something that'd be high-risk, high-reward. The year is basically when you'd "take out" your money. You can lose money here, but you can also make a killing. I haven't set up any investments yet because I'm paying down my debt while I'm in school (I'm fortunate) and recently was diagnosed with a kidney disease so I have some bills to pay -- but investing right now in the early 20's (before 25) will net you hundreds of thousands, if not millions if you just play things smart.
If you ever need any advice in this area or want to talk about stuff like this, I'd like to think I have an inkling or two to share.
0bsessions:
Ah, Gilead, if only. You should see the shit my brother's going through right now to attend school. He's having to lean heavily on our parents, which is delaying our father's retirement for at least the next few years. I'm basically going to have to get into a local community college or an online program and work my balls off to get a high GPA and hope like hell I can land some good financial aid. I'm at least planning to take a handful of classes this year if I can afford it.
SonofZ3:
--- Quote from: Gilead on 31 Dec 2008, 08:20 ---
--- Quote from: 0bsessions on 31 Dec 2008, 08:09 ---Honestly, the only active life change I feel necessary to commit to at this point in my life is going back and finishing school, but I'd rather wait until the economy has sorted itself out a bit before I start committing money to something like that.
--- End quote ---
Academia is basically a magical fantasy land completely insulated from the economy, you might as well jump right in to that wardrobe and spend the next few years riding this shit out. If you're lucky you'll graduate just in time for a job market boom.
--- End quote ---
Must be nice, I spent my five years at college working night jobs and constantly stressing as to how I'd pay my bills, while being put into debt by student loans. I want to go to this college where the economy doesn't effect you.
Gilead:
That's not economy, that's being a student, you'd have to pull that shit no matter what the economy's like.
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