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  #41  
Old 28.08.2011, 17:23
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Re: The only way for anyone to retire now is to become a millionare

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US Stock market returns from 1926 - 1999 were 11% annually on average. But no, I'm not from the US. http://www.finfacts.ie/stockperf.htm
I just want to say one word to you. Just one word. Are you listening?

Plastics!

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Old 28.08.2011, 17:24
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Re: The only way for anyone to retire now is to become a millionare

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Yes we are Now, back to the original topic (which wasn't "kill myself a 55"): can you really maintain your current comfortable lifestyle unless you are a millionaire at retirement age?
My lifestyle is far from comfortable and I do not plan on being a millionaire at retirement age, since I have chosen a career that is far from focused on monetary reward. Bah. And I am not proud of it. Just sayin'
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  #43  
Old 28.08.2011, 17:25
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Re: The only way for anyone to retire now is to become a millionare

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I won't believe this statement
Everything you know is a lie.
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  #44  
Old 28.08.2011, 17:25
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Re: The only way for anyone to retire now is to become a millionare

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US Stock market returns from 1926 - 1999 were 11% annually on average. But no, I'm not from the US. http://www.finfacts.ie/stockperf.htm
From 1929 until 1983 the S&P500 returned 3.3% per year. From 1929 until today it averaged 4.5% per year.....

From 1781 until today stocks have averaged 2.43% per year un the UK and from 1805 until today the US has averaged 2.7% per year.

The baby-boomers were to blame for the massive push into equities starting in 1983. That wont happen again in our life-time outside of Iran, and maybe India. But these are small markets.
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Old 28.08.2011, 17:31
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Re: The only way for anyone to retire now is to become a millionare

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Everything you know is a lie.

I knew it!


(oh shit?)
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  #46  
Old 28.08.2011, 17:35
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Re: The only way for anyone to retire now is to become a millionare

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Yes we are Now, back to the original topic (which wasn't "kill myself a 55"): can you really maintain your current comfortable lifestyle unless you are a millionaire at retirement age?
Needs change - kids grow up and leave home, finish their studies- and it is quite common to downsize when retiring (but does not always happen, lol)
Things I thought were important when I was younger are no longer important now - and the things I do care about do not cost money.
Mind you, had we stayed in the UK we could have maintained our previous lifestyle - but the move to CH and £/CH exchange rate has seen to that.
C'est la vie - most things I love come for free. And if we can't travel- tough, it's beautiful here anyway.
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Old 28.08.2011, 17:45
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Re: The only way for anyone to retire now is to become a millionare

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From 1929 until 1983 the S&P500 returned 3.3% per year. From 1929 until today it averaged 4.5% per year.....

From 1781 until today stocks have averaged 2.43% per year un the UK and from 1805 until today the US has averaged 2.7% per year.

The baby-boomers were to blame for the massive push into equities starting in 1983. That wont happen again in our life-time outside of Iran, and maybe India. But these are small markets.
Dividends give me at least those %, rest is gravy

Gotta love dividend focused investing!

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  #48  
Old 28.08.2011, 18:52
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Re: The only way for anyone to retire now is to become a millionare

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And I would be dead and not making any more cake for you.
I somehow find it hard to believe that a few years ago, even many years ago, you thought to yourself "by 55 I'm done, I will shoot myself in the head".
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Old 28.08.2011, 19:08
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Re: The only way for anyone to retire now is to become a millionare

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I somehow find it hard to believe that a few years ago, even many years ago, you thought to yourself "by 55 I'm done, I will shoot myself in the head".
They used to kill them off at 30, back in the day.


Oh, sorry I was confusing cinema for real life again. I hate when I do that.
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Old 28.08.2011, 19:23
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Re: The only way for anyone to retire now is to become a millionare

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The best retirement investment you can make is having kids and raising them right.
Great for people like us that won't or can't have kids and think the world is over-populated enough already with everybody thinking that more kids = a better pension plan. It is working great for Lagos and Africa in general at the moment.

I would rather shoot myself than rely on kids to keep me through my old age and define my personal success in life. I would like to think that my contribution to this world for both myself and the rest of humanity is more than what could come out of my genitals.
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  #51  
Old 28.08.2011, 19:24
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Re: The only way for anyone to retire now is to become a millionare

Logan's run?

Old age is relative - goal posts move around. Just a number. Money is very nice, but lots of other things are a lot nicer, and cost little.
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  #52  
Old 28.08.2011, 19:30
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Re: The only way for anyone to retire now is to become a millionare

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They used to kill them off at 30, back in the day.


Oh, sorry I was confusing cinema for real life again. I hate when I do that.
I believe it was 29 to go to Carousel Really forward thinking, that.

Personally, I think the idea of retirement in the way our parents enjoyed it is a thing of the past. What the future holds for us in place of it is unknown as with the potential of climate change effecting food supply and populations expanding...I think we'll have a lot more to worry about than a monthly cheque in the post.
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  #53  
Old 28.08.2011, 20:40
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Re: The only way for anyone to retire now is to become a millionare

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Or work for the federal government (and be content with not doing much with your life).

US friend of mine said he's just going to live life to the full and then shoot himself at 55.
By the time you reach 55 you will only be half way through your career. The retirement age will be at least 80.

Trouble is that might encourage you even more to shoot yourself at 55...
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  #54  
Old 28.08.2011, 21:07
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Re: The only way for anyone to retire now is to become a millionare

We are leaving our kids a mess big enough to ask them, on top, to help us at old age.
Pension schemes around the world are favouring people that have retired or will in the next few years and are becoming underfunded for future generations. The entitlement shit that someone was mentioning earlier. Anyway, most of those people don't give a f..k because they are alienated from their kids or don't have kids of their own.
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  #55  
Old 28.08.2011, 21:39
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Re: The only way for anyone to retire now is to become a millionare

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We are leaving our kids a mess big enough to ask them, on top, to help us at old age.
Pension schemes around the world are favouring people that have retired or will in the next few years and are becoming underfunded for future generations. The entitlement shit that someone was mentioning earlier. Anyway, most of those people don't give a f..k because they are alienated from their kids or don't have kids of their own.
Besides, I think the current generation of children is different from the past... for example:

Raised in a $1.5 million Barrington Hills, Ill., home by their attorney father, two grown children have spent the last two years pursuing a unique lawsuit against their mom for "bad mothering" that alleges damages caused when she failed to buy toys for one and sent another a birthday card he didn’t like.

The alleged offenses include failing to take her daughter to a car show, telling her then 7-year-old son to buckle his seat belt or she would contact police, "haggling" over the amount to spend on party dresses and calling her daughter at midnight to ask that she return home from celebrating homecoming.

http://www.sltrib.com/sltrib/world/5...tml.csp?page=1
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  #56  
Old 28.08.2011, 22:12
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Re: The only way for anyone to retire now is to become a millionare

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Save: 1000CHF/month.

Start at age 30 (better to start at age 23 but unfortunately unrealistic).
I have invested 30% of net earnings since aged 18, the best stock I bought was in 1994, Warburg had 4,000,000 shares in Ocean Wilsond holdings to offload & the price fell from 52p to 28p dividend was 4p at the time with NAV of 80p, 65p being cash & listed securities. They closed at 1365p today, I wish I had bought more! http://uk.finance.yahoo.com/q?s=OCN.L&ql=0
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  #57  
Old 28.08.2011, 22:20
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Re: The only way for anyone to retire now is to become a millionare

You could be greedy all your life, make loads of money, buy stupid over priced toys, know the price of everything and the value of nothing.

Or you could enjoy a simple relaxed life, and reflect that tonight you didn't have a bowl of starch and a cup of dirty water for dinner.

Your life, your choice!
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Old 28.08.2011, 22:39
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Re: The only way for anyone to retire now is to become a millionare

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From 1929 until 1983 the S&P500 returned 3.3% per year. From 1929 until today it averaged 4.5% per year.....

From 1781 until today stocks have averaged 2.43% per year un the UK and from 1805 until today the US has averaged 2.7% per year.

The baby-boomers were to blame for the massive push into equities starting in 1983. That wont happen again in our life-time outside of Iran, and maybe India. But these are small markets.
I think you should include income reinvested with stock returns. In the 1930's dividends exceeded 10% annually, so investors who lost money in the 'Crash' actually got their money back within in 5 years unless they sold like lemmings always do.

I think it was the DJ index's which removed IBM which was later reinstated, had it remained a member throughout the index would have been double, you need to take indexes with a pinch of salt. What you can be sure of that 75% of fund managers will have done worse than the index they were sort of tracking.
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Old 28.08.2011, 22:42
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Re: The only way for anyone to retire now is to become a millionare

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You could be greedy all your life, make loads of money, buy stupid over priced toys, know the price of everything and the value of nothing.

Or you could enjoy a simple relaxed life, and reflect that tonight you didn't have a bowl of starch and a cup of dirty water for dinner.

Your life, your choice!
An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.

The Mexican replied, "only a little while."

The American then asked why didn't he stay out longer and catch more fish?

The Mexican said he had enough to support his family's immediate needs.

The American then asked, "but what do you do with the rest of your time?"

The Mexican fisherman said, "I sleep late, fish a little, play with my children, take siestas with my wife, Maria, stroll into the village each evening where I sip wine, and play guitar with my amigos. I have a full and busy life."

The American scoffed, "I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually New York City, where you will run your expanding enterprise."

The Mexican fisherman asked, "But, how long will this all take?"

To which the American replied, "15 - 20 years."

"But what then?" Asked the Mexican.

The American laughed and said, "That's the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions!"

"Millions - then what?"

The American said, "Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos."
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Old 28.08.2011, 23:00
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Re: The only way for anyone to retire now is to become a millionare

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The best retirement investment you can make is having kids and raising them right. Thats the ultimate safety net. When your decrepit and out of cash, your kids wont normally let you fail.
I agree with Zuger. You can work your butt off and try to look after yourself but if you falter, NO ONE will care for you like family. Certainly not the government or banks!

Their purpose is to control and take, not liberate and give.

Last edited by musings; 28.08.2011 at 23:35. Reason: late-night spelling error :-)
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