Forums: Discussions for entrepreneurs and small business.

Have you ever planned to become wealthy or is it a by-product of your success?

 (or are you going to live on Social Security when retired as senior citizen? any suggestions for handling future investments?)

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I am no longer posting on this forum. A fellow citizen here suggested that I should Think before I add commitary to my postings. I thought he was wrong, but I am mistaked(not everyone digs Mr.Wicks) E

You have to plan to be wealthy unless the company you work for happens to offer stock options.   I don`t recommend following all the "Do It Yourself And Be Really Rich" books by people like Kiyosaki and other self-proclaimed financial gurus and experts.  But wisely investing $50,000 or less over even 10 years can provide a return of triple that - enough to live comfortably for many years. 

I`d recommend mutual funds (especially real-estate based ones), a low-risk mix of treasury or foreign bonds, and some dabbling in high risk stuff.   Statistically, stocks are not a good investment, especially for retirement.  I`ve heard good things about annuities, but a lot of research is required to tell the good ones from the scams or underperformers.


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"Forget inspirational quotes to keep you going. If by doing what you do, you get an hour every day to relax, be with the ones you love in comfort without doing wrong, then it is all worth it." -Anon.

Thank you Mr. David - Brilliant!

when you say dabbling with high risk - is that like
Pink sheets, Otc stuff?

I found some websites with info. are they
generally reliable for basics, etc.

Thanks.

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I am no longer posting on this forum. A fellow citizen here suggested that I should Think before I add commitary to my postings. I thought he was wrong, but I am mistaked(not everyone digs Mr.Wicks) E

I was referring more to futures or maybe options.  And the more risky the investment is, the more unintentionally misleading or intentionally misleading the information will be. 

For investments, the best thing to do is to pool opinions.  Read the Wall Street Journal, check Motley Fool online, read the Morningstar reports online, flip through BusinessWeek, then call up a few stock brokers for some free advice.  You`ll be amazed at the information you get and all this extra work will help safeguard your investment.   Try to keep NO MORE than 20 percent of your total investment cash in high-risk stuff.

 Anything more will endanger a chance at a stable retirement.


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"Forget inspirational quotes to keep you going. If by doing what you do, you get an hour every day to relax, be with the ones you love in comfort without doing wrong, then it is all worth it." -Anon.

got-it, thanks.

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I am no longer posting on this forum. A fellow citizen here suggested that I should Think before I add commitary to my postings. I thought he was wrong, but I am mistaked(not everyone digs Mr.Wicks) E