Retired at 45
Hello fellow moomooers! I'm a retiree who has been investing for over 30 years. I started at age 23 with my company 401k. With a 6% company match you simply couldn't pass up the 'free' money! If you work for a company see if they offer a 401k and get started. I started with $5 per pay check. Consistency is your friend when investing long term. Every raise I upped my contribution and got to over 600 per month. I was aggressive because I was young and could recoup losses. As I got older, I moved money to 'safer' investment vehicles. Make friends with financial advisors if you can't afford one, but they are worth the money! In addition to 401k there are Keough plans for self employed, so self employment or small company is no excuse not to invest in your future! On the side I've always had smaller accounts like my moomoo to see if I can put perform my advisor. Want success? Invest early and consistently. Want stability? Invest in tangible item companies people can't do without. Want aggressive gains? Study. See what the top performer high growth funds are Investing in. Best tip? BE CONSISTENT. Set a monthly goal to invest and keep at it. I got breast cancer at 45. Thank God I invested well or I could've been bankrupt. Investing saved my home and my way of life. You never know what the future holds- in life or investing, but you can take steps to ensure your future will be comfortable by planning and investing early. I wish you all health, happiness, and tremendous gains! #Co-Wise:moomooTradingTutorialContest
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102115941 : I had strongly realised over this mths of trading that when u choose a stock u got to treat it as you are managing your own business. Whether the stock goes up or down depend on how much efforts you have vested in it. E.g. Ample research into the background of company. What you put in equals to what you would get back. I would rather lose my money when I had done my best than when I had done nothing and just blindly dump my money into something unknown...
Mama Cass OP 102115941 : You are so right! I research the companies I invest in carefully. I follow Buffets advice and invest in companies whose products I use and believe others will use regardless of the economy. It has served me well.