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This Is Great, $15 an hour leeches
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Quote:IMO, putting money in a 401k right now is slightly less profitable than putting it under your mattress. Our retirement is being sacked away into a savings account, and once we have enough amassed that we'll qualify for the really high-interest CDs, that's where it goes. Really high-interest CDs? Are those the ones investing in unicorn futures? The S&P 500 gained on the average about 3% per year since 2000. That's not great, and CDs don't pay close to that. Some mutual funds have a better record, and unless you know a stock that is going to skyrocket, that's where your money should go. $100 per month for 40 years is not going to get you $1 million. Certainly not at 3% per year. "Why should I give information to you when all you want to do is find something wrong with it?" |
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