There are some people who don't have to know any of this but can have a great retirement:What do you think is the bare minimal you should know as a investor? The ideas that pop into my heads are:
- Living below your means and save some of your income.
- How compounding works
- How stocks and bonds work at a higher level and their short and long term behavior.
* A lottery winner, celebrity, wealthy heir, or patent holder with a big stash and an honest financial planner.
* Those who earn a lot and contribute to SS and a pension.
* Those with employers who automatically enroll their employees in a retirement plan, while increasing contributions 1% a year until they reach the max. Combine that with SS.
* Those who grew their own business and sold it for a large sum when it was time to retire. [I know someone like that.]
* Someone who married royalty and now lives in "Government housing".
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Statistics: Posted by celia — Wed May 29, 2024 12:38 am — Replies 107 — Views 7919
