i know this board is full of idiots but how does this sound: im only 19 but what if i put a large amount of my income into mutual funds and just keep doing that over time? i know nothing plz help me
Max your Roth IRA contribs first. They're mutual funds that you don't have to pay taxes on the earnings. If you just put after tax money into a mutual fund, you'd have to pay on the gains.
You get 55k per year.
>>1114499
55? Sorry, I must be stoned like that chink in your pic. 5.5k, or 5500.
>>1114503
... 5.5k and 5500 are the same thing.
>>1114702
... that'y why he siad it
>>1114496
>>1114499
>>1114503
>>1114702
>>1114702
>>1115224
>>1115227
Hello,
I have recently started a group dedicated to investments. I am only adding a handful of people that provide something of use to the group..
Trolls will not be tolerated and will be kicked out.
If anyone is interested then go ahead and add me on Skype.
The_Resistance CRF
You get taxed to death.
