Taking A Financial Epiphany : Not Outlive Our Money After We Retire

For example I immediately bought Disney, Apple, and, Amazon before anything else, due to the success I knew each of these companies have had in the past. After running out of companies I knew had stock on the exchange, I started doing research on stocks I might want to purchase. This was especially necessary for mutual funds, which prior to starting the stock market game I had very little to no knowledge about. I found that in the long run, the stocks that I had the most success with were stocks that I had had some previous exposure to. Amazon especially was a great success.

12. What advice about investing in the stock market did you find most interesting and/or useful?

The majority of people age 65 or older in the United States are still working in full time positions. This opens the question if they planned for retirement, or what if anything went wrong while working? How do they feel about still having to work? Have they taken proper steps in preparing for retirement? Are they only working to pass time? These are the questions that everyone should be asking themselves about their own retirement plans, and what they have done to financially prepare for that stage in their life.

Most would stick to the basic 401k retirement plan which would be the extent of their investments. Saving money is important once income is starting to be earned yet investing money can be a scary thought but in reality, it is fairly painless. We do not want to be in our forties and realize investing and saving now will help in the future. Yes, there still will be another 20 years of working but imagine if we all started at the age of our 20s. There would be an extra 20 years added to our retirement or better yet, if we were smart with our investments, then we could retire much earlier than expected. Let’s say for instance that we invest about $10 a week with an average 8% percent return. Within a year, we would have $562. Within 5 years, we would have $3,295. Within 10 years, we would have $8,136. It is only investing $10 a week but if we were to invest more imagine the outcome for the return. Investment is one of the most, if not the most, effective way to get rich. 401k retirement plan is the most common way to retire. Start contributing at the age of 25 to be able to take out money at age of 60. If we were to contribute about $5,000 a year without employer match then it could lead up to close to million dollars. Yet if the employer was able to match it $1 for $1, then it will come close to 2 million dollars. That is a huge difference and one of the best ways to retire. Only

Michael Hiltzik, a “Las Vegas Times” columnist, is a slap-in-the-face, capital-oriented, theme-based writer that shares many of the same views that I do, politically, economically, socially, and most importantly, entertainmentwise. My favorite part is always the second paragraph, which is generally a flat-out slice of facts with a side of some cold, hard truth that hits people like windshield wipers hit bugs. Believe it or not, Hiltzik, although predominantly economic, also spends time printing articles that have to do with the latest movie or the current sports teams and still manages to tie them into how they fluctuate the stock market. The stock market has always been an interest of mine since my grandfather is a stockbroker, and although

In my nonfiction outside reading novel, Unshakeable, Tony Robbins is a wonderful mentor and teacher of your personal investment. As a newcomer into the investment realm, Robbins was able to navigate and help the reader grasp the knowledge of the stockbroker side of the stock market. While learning the basic terminology of a bear vs bull stock, I furthered my comprehension and am considering entering the hectic stock exchange. With Robbins wisdom and experiences he preaches during “a 10-year period, the market almost always rises. Still there are no guarantees” (Robbins 128). This broaden my perspective as I would give up and call it quits not getting my way losing money and not thinking about a rebound. As it fluctuates the “average, the

Watching the stock market has shifted from an interest to a hobby, to now any extra time left over from school is devoted to this before anything else. After watching that video, I did not immediately understand the impact it would have on me, but it started a chain reaction that has led me to notice how others live, and how to learn from them. The determination, to search for information to understand my interest, has led me to find out an abundance about the stock market, but even more about myself. Through this journey, I have learned how important a passion for what you choose to devote your time is, considering there will always be another willing to work harder than you. Never start a project unless you are willing to continue to the end and able to learn from the process whether you succeed or

When people are asked how people will plan or rethink for retirement, the first thing that people will think about, is saving. There are some positive ways to save money, the author suggests to the readers to sign up for 401(k) plan. It is a plan help employees save for retirement, 401(k) should allow anyone to build up a nice nest egg. For example, “In Dave Ramsey’s The Total Money Makeover, for instance, he gives us “Joe and Suzy Average” who invest $7,500 per year ($625 per month) using their tax-free retirement account. They do this from age 30 to 70, getting 12 percent interest per year. At the end, they have $7,588,545 to their names.” When people invest in 401(k) plan, it is safer and more money in retirement and it also has a benefit that you don’t need to pay for tax when you take the money out. Beside 401(k), people prefer to invest money in the stock market for retirement-plan. According to author “ During a recent 40- year period,

Retirement brings a huge shift in one’s life. And the change could affect the financial status as well. Therefore, it is quite important for the retirees to ensure coherent investment and financial plans. http://www.squamlakesfinancial.com/retirement-planner/

Throughout the past century, many have invested in the stock market with the hopes of making a profit. Going into this project, I was not very familiar with the stock market and how it works. Initially, I had known that the stock market was quite risky; however, I also recognized the fact that there is great potential to make a significant profit. I decided to invest in stocks that I thought would earn me the most money the fastest. I decided to use this tactic because I knew in advance that I had a deadline for this project, and I wanted to maximize my profits to my full potential. To my surprise, the companies that I had thought would do well did not perform as well as anticipated. I feel that part of the reason for this was because I

The ability to achieve financial independence at a time when real wages have increased only marginally coupled with Americans lack of financial knowledge and understanding of investments leads directly to reduced saving rates and investment habits. The call to action cannot be clearer, investing is a necessity.

The ultimate goal of the Stock Market Game is to make the most money. It is not easy or it would not exist. So many people have become millionaires from one simple investment that grew over time. Every decision has a consequence, rather it is marvelous or lousy. Here are some tips for helping you become successful in the game.

Mark and I for years have been talking a lot about how things aren’t like they used to be. That applies to a lot of things in life, like technology, healthcare, standard equipment in automobiles and yes even retirement planning. Some of these changes have made planning for life a little harder, but many have made planning, preparing, and enjoying retirement a lot better. In our column and on our radio show over the next two weeks we will explore the changing story of retirement.

Acquiring the skills to become a knowledgeable investor is more critical than in any previous generation. American workers are retiring later than ever. In 1991, just 11% of workers expected to

stock, and with that you not only have to be mentally solid, but you have to be mentally strong. It takes a lot of discipline to make money on stocks. You have to have trust in the company, in their managers, their employees, and the auditors. Taking out a loan to buy stocks is also a very risky thing to do because if the value of the stocks drop and you don't have enough money to make a payment on the loan you could be forced to buy back a stock at a loss. The taxes on dividends is also high, about 15%-20%.