Quote:
Originally Posted by Young9Cothinho
I wish I had some savings and 401k. It's tough to have fun on a budget that doesn't include booze, strippers, and gambling. At the same time, the stuff I've read suggests that that isn't necessarily the optimal approach either. If you buy today, you really have no idea if it'll continue to slide (in which case you should've waited even longer), and if you buy tomorrow, you might have lost out on any gains that happened today.
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errr...sure, but this "shrug, my timing might be bad" approach is a completely ****ed up way of thinking about it. So you wilL NEVER invest in stocks because the timing MIGHT be bad? That's your approach? Well, your approach is idiotic if so.
Start small, and start with the obvious stuff:
1. If you company offers a 401(k) with matching, THEN ****ING TAKE THE FREE MONEY. You should put in at least enough to get the match. Because you're investing pre-tax dollars, the take-home hit is less than the amount you put in.
2. If not, then open an IRA and at least put in what you can, even if it's only a small amount per week. You can weigh Roth vs traditional, but at least START for God's sake.
Nobody is going to save your ass in retirement. Social Security will likely exist in some form, but you dont' want to bet your life on it being what you need, or enough for you. You have to start somewhere, and sometime. NOW IS THAT TIME.
Sure, it might go down. But I'm assuming based on your post you have 30+ years of work in front of you. Who the **** cares if the market dips for a while? You think in 2050 you'll be moaning that you didn't get the timing of your 2019 investments right? When it's some small, starter, amount per week or whatever? Yeah, no.