Quote:
Originally Posted by Ulic Qel-Droma
you guys know you don't have to actually physically buy gold... there's lots of instruments you can use to "buy" gold lol.
i also wouldn't listen to warren buffet. no one here can trade like he does. the pragmatic returns he gets with his money, is not the same as with your money.
he can make 10% and it would be enough for all of us to retire.
you can make 10% and it wouldnt be enough to buy nice food everyday for a year LOL.
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Don't listen to buffet? His advice is amoung the safest around. And what's wrong with 10% compounded annually? That's pretty darn good for 95% of the population.
With $10,000 invested initially, and investing $500 per month every month for 30 years at 10% interest compounded = $1.3M after 30 years...