Skip to main content

View Diary: Wealth Condensation: Why the Rich Get Richer (172 comments)

Comment Preferences

  •  Go tell that (2+ / 0-)
    Recommended by:
    Kanscott, Calamity Jean
    If you save 10K per year for 40 years and put it in S&P index funds then with the magic of compound interest you will easily be a millionaire.
    to the retirees who need to cash out on the day the market crashes.

    Al Qeada is a faith-based initiative.

    by drewfromct on Sun Sep 25, 2011 at 06:03:20 AM PDT

    [ Parent ]

    •  Why would anyone need to cash out on one day? (0+ / 0-)

      You cash out during a retirement that you need to plan on lasting 30 years or more.

      And obviously, over the 10 years before retirement you start moving money into bonds, blue chips, and other less volatile investments.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site