PessOptimist
Well-known member
Yeah, first of all where are you going to get a 7% return?
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Thoughts for the younger investors
- Thread starter 72Zorad
- Start date
Steadygain
TSP Elite
7% returns aren't hard to find outside of TSP's 5 Funds.
You have to go Globally - and think in terms of investment opportunities.
China, Brazil, India to name a few.
Many big time companies ...BP for instance...have long given regular peroidic self investing opportunities beyond 7%
Take advantage of 'Hard Times' and follow Birchtree's Oceanic Account or let someone similar do the work of finding these 'Golden Nuggets' and pay them for their service.
Adam Hamiltion is one of the best -- and he knows what 'Sectors' are most primed for excellent returns.
TSP is supposed to give more investment options (at least I know I read something about that within the past year or so). For TSP - the more options the better.
The 7% grows repeatedly on top of each other at the years go by.
You'd easily have 1.5M -- Invest what you can and keep investing
Boghie
Well-known member
Folks,
7% ain't hard. It took 2008 to bring me down to it...
AFishEgg, as Steady states, you are using flat interest computations - not compouding the gains. You need access to good calculators. Here are some on the web.
Work in the numbers provided and you get...
Less than stated (~750,000), but if the contributions are inflation indexed than it probably comes true. More importantly, if the contributions are matched to 3% it comes true...
7% ain't hard. It took 2008 to bring me down to it...
AFishEgg, as Steady states, you are using flat interest computations - not compouding the gains. You need access to good calculators. Here are some on the web.
Work in the numbers provided and you get...
Less than stated (~750,000), but if the contributions are inflation indexed than it probably comes true. More importantly, if the contributions are matched to 3% it comes true...
peterson82
Member
Compounding works because of percent increases. If you increase $100 by 10% for 5 years every year the increase will be greater:
Year 1: $100 x 1.1 = $110 ($10 increase)
Year 2: $110 x 1.1 = $121 ($11 increase)
Year 3: $121 x 1.1 = $133.10 ($12.10 increase)
Year 4: $133.10 x 1.1 = 146.41 ($13.31 increase)
Year 5: $146.41 x 1.1 = 161.05 ($14.64 increase)
Over time this will turn into serious money...
And that is just the base... Every time you add money that will increase the difference.
Year 1: $100 x 1.1 = $110 ($10 increase)
Year 2: $110 x 1.1 = $121 ($11 increase)
Year 3: $121 x 1.1 = $133.10 ($12.10 increase)
Year 4: $133.10 x 1.1 = 146.41 ($13.31 increase)
Year 5: $146.41 x 1.1 = 161.05 ($14.64 increase)
Over time this will turn into serious money...
And that is just the base... Every time you add money that will increase the difference.
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