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re: Games of Skill - "Casinos" Skyrocketing in Arkansas

Posted on 2/9/14 at 6:14 pm to
Posted by SunHog
Illinois
Member since Jan 2011
9202 posts
Posted on 2/9/14 at 6:14 pm to
quote:

By your math, $2300 a month would be just over 27k saved a year. After 40 years that's 1,104,000 in savings.



That is correct.

What industry standard would you like to use?

Checking 0.5-1.5%
Savings 0.75-3%
Money market 1-2%
IRA 3.25%

We also have Junk Bonds, REITS, and I think I'm missing two others that fluctuate with tax implications.

Let's not add capital gains tax or net income to this either, we can stick to gross. You realize I'm trying to keep this as simple as possible for all to see.

Posted by Hawgeye
tFlagship Brothel
Member since Jun 2009
31102 posts
Posted on 2/9/14 at 6:20 pm to
I prefer growth stock

Bigger returns

But I don't want to work all my life

You understand you threw out the 10% number right?

I showed you how a person can obtain over $2mil by an annual 10-12% with an investment of $2000 year.

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