I mean get real already.
2007-02-19 03:07:22 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
ya wtf
2007-02-19 03:11:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It's not as much a question of getting rich as having your money be worth something in the future. If you just save it under your mattress or in a coffee can in your back yard, inflation will devalue it any way. If you invested a million dollars, you could live comfortably on the $80,000 a year in interest. If you don't have that kind of money, investment wouldn't be your main concern.
2007-02-19 11:21:15 · answer #2 · answered by Surveyor 5 · 0⤊ 0⤋
If I could be guaranteed 8% on my money I would be happy, it would double my money every 9 years.
If I added to it on a monthly basis, over time I would be rich...
Oh, Sorry, I guess I am, I have been doing this for 40 years and I am a millionaire
2007-02-19 12:21:53 · answer #3 · answered by bob shark 7 · 0⤊ 0⤋
Maybe people don't assume they are going to "get rich" but not everyone is an entrepreneur and 8% is a better return on their money than a savings account.
What, you would rather they put it under their mattress???
Better than being rude why aren't you offering advice?
YOU GET REAL.
2007-02-19 11:11:37 · answer #4 · answered by AriesJWR 4 · 0⤊ 0⤋
It called "Dollar Cost Averaging" and "Long Term Investing"..........
2007-02-19 11:10:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋