General Discussion
In reply to the discussion: Elderly woman rips Jeb in townhall: "I paid into that for years - now you want to take it away? [View all]whatthehey
(3,660 posts)Still there now, better than in 2007. Nothing to write home about by any means, but unstolen and still growing.
Am I a 1%er? Not even close. Not even within an order of magnitude.
A bank insider? Not at all.
A Buffet-like investment genius? I wish, but no I still have to work to fund steady, routine investments.
A trust fund scion of the wealthy? My father never made more than $12 an hour all his working life, mostly in warehouse jobs. Mother far less.
So what's the secret? Simple common sense. Don't panic and sell when the market drops, unless it's literally that or starve. I would be couch surfing and carless and have sold all my possessions and eating at soup kitchens before I'd even think of touching retirement accounts. If you have any money at all, buy then.
There are no evil banksters out there raiding IRAs unless you let them, either by choosing high-load funds to let them nibble away or by panic selling which is essentially begging them to swallow you whole..