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Start With $10,000 And Retire A Millionaire

Sunday, August 7, 2011 - 4:14 AM
http://finance.yahoo.com/retirement/article/112585/start-with-10k-retire-millionaire-marketwatch?mod=series-dd-article
Call it a 7% solution. Assume a 7% inflation-adjusted return from a portfolio of U.S. and international stocks, bonds and cash -- not overly aggressive, but an expected return that requires taking some risk -- and living well within your means.
 

Yeah...   why didn't I think of that.  I'll tell the bank I want that 7% solution program.
3
MikeMike327 posts since
Feb 22, 2010
Rep Points: 876
1. Sunday, August 7, 2011 - 10:02 PM
With today's market, shouldn't it be: "start with a million and retire with $10,000"?

And just how do I sign up for that 7% solution? 
4
pearlbrownpearlbrown1,474 posts since
Nov 2, 2010
Rep Points: 6,407
2. Monday, August 8, 2011 - 12:52 AM
With today's market, shouldn't it be: "start with a million and retire with $10,000"?

And just how do I sign up for that 7% solution? 

The Arrogant **** Ale is a fine solution of 7.1%!  The Stone IPA with 6.9% would suit the more caution minded...
2
darkdreamer4udarkdreamer4u178 posts since
Jun 11, 2010
Rep Points: 638
3. Monday, August 8, 2011 - 8:11 AM
I'd be happy with those numbers, less thirsty even, but I figure I'd even be out the 10,000 shortly.  But great suggestions darkdreamer4u
1
MikeMike327 posts since
Feb 22, 2010
Rep Points: 876
4. Monday, August 8, 2011 - 8:19 AM
Thanks much.

Note that all these eye-catching, convoluted, math-like (since it is terrible math), and "truly misleading" articles are wirtten by bored people who have too much time on their hands and nothing worthwhile to do (ok, count me in for the bored/too much time part to respond:D).
2
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
5. Monday, August 8, 2011 - 8:49 AM
51hh, agreed, on this article.  But the Bloomberg article on Nixon/Gold standard was worth the time, I thought.

Seems to be a dud around here, though.  The article kind of explains how all the fuzzy math and gaming of US currency really took off.  I expected some good feedback and discussion on that one. Even if someone thought the facts were off, I was looking forward to the insight of others on the subject.

The article is 5 pages long.  What I posted was very little of what is actually in the article.

So that's why the eye catching stuff is written.  It's what we will read.  It must be what we want.

The other stuff is just too heady for us, I guess.

Maybe that's why the politicians can pretend they know math, and talk circles around themselves and voters.
1
MikeMike327 posts since
Feb 22, 2010
Rep Points: 876
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