Thread: Life How prepared are you for retirement?
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Old 08-19-2012, 11:09 PM   #106
alnorth alnorth is offline
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Join Date: Dec 2002
Casino cash: $57156239
Quote:
Originally Posted by DaneMcCloud View Post
Good luck. I will never, ever, ever contribute another dime into a company sponsored retirement account again, nor will I contribute to an account through my personal business.

I've been ****ed hard enough this past year and learned my lesson.
Since I don't pick stocks (I'm in 11 mutual funds, never mind picking stocks, I also have no idea which sector or which fund will win in a given year) I don't think I really need luck. I'm not trying to hit a home run, and I'm not going to strike out.

So far, my cumulative annual return is just 4.5%/year. Not terrific since you'd normally hope for 8% or so in stocks, but I did start in 2006. Year to date, after everyone freaked out and bailed, I made 12.5%.

I'm also not earning ~1% like I probably would, if even that much, if I went to cash.
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