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Non-Cattle Specific Topics
Coffee Shop
Forsaking income for contentment
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<blockquote data-quote="GreyGus" data-source="post: 1850064" data-attributes="member: 43616"><p>If you start early in your working career, the US stock market is one of the safest and most profitable investments you can make. In its history there has never been a ten year period when it didn't increase in value. When I was 22 years old, I picked up a friends copy of "Money" magazine and read an article on mutual funds. In a nutshell, it said forget individual stocks, buy a mutual fund that mimics the Dow or the S&P. And how early you start is more important than how much you invest. Compounding is your friend. I took those two things to heart. I found a Vanguard fund that I could buy into with a $500 initial investment. I set up an automatic deposit of $50 a month into the account. (My annual salary was about $12,500 at the time) I was 100% in stocks during the market crashes of 1987 and 2008. In both instances I had completely recovered in less than one year. I stayed all in until shortly before I retired in 2011. Now that I am older and no longer have an annual salary, my investments are more conservative and the interest and dividends nicely supplement SS, and supports my new career as a farmer<img class="smilie smilie--emoji" loading="lazy" alt="😀" title="Grinning face :grinning:" src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f600.png" data-shortname=":grinning:" />.</p><p>Another calf yesterday. Four down, hopefully two to go.</p></blockquote><p></p>
[QUOTE="GreyGus, post: 1850064, member: 43616"] If you start early in your working career, the US stock market is one of the safest and most profitable investments you can make. In its history there has never been a ten year period when it didn’t increase in value. When I was 22 years old, I picked up a friends copy of “Money” magazine and read an article on mutual funds. In a nutshell, it said forget individual stocks, buy a mutual fund that mimics the Dow or the S&P. And how early you start is more important than how much you invest. Compounding is your friend. I took those two things to heart. I found a Vanguard fund that I could buy into with a $500 initial investment. I set up an automatic deposit of $50 a month into the account. (My annual salary was about $12,500 at the time) I was 100% in stocks during the market crashes of 1987 and 2008. In both instances I had completely recovered in less than one year. I stayed all in until shortly before I retired in 2011. Now that I am older and no longer have an annual salary, my investments are more conservative and the interest and dividends nicely supplement SS, and supports my new career as a farmer😀. Another calf yesterday. Four down, hopefully two to go. [/QUOTE]
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