(01-28-2021, 08:25 PM)StroudCrowd1 Wrote:

(01-28-2021, 08:07 PM)Jags Wrote: Thank you. And I am reminded now from your post I have a Roth IRA from when I was 18.  Ugh.  I guess I’ll just set up a meeting  with the financial advisor.  I don’t want to come off as an [BLEEP].  The Mrs and I’ve been fortunate.  The percentages im seeing in stocks just seem so small.  I literally could make more going back and playing poker again. ( I was a [BLEEP])  So, I guess with the excess and seeing returns on what I did, seems like investing for retirement is a slow process.  Perhaps I’m inpatient or too stoopid.   But I’ll just contact this guy and see what he suggests in our situation as it stands now.  I mean, if I put in 50k and saw 10% that’s only 5k back.  Yes 5k more than I had, but not the payoff I’d be wanting if I put 50k in.  Again, I could be way off base. Just trying to understand this all.

10% ROI is good and higher than you would most likely average in the market over time. Using your returns from the past 2 years as a barometer on what to expect in the future is not realistic IMO. If you are serious about investing, look into diversifying with real estate. With the looming housing market correction, there will be some good buys out there. Real estate provides cash flow,  appreciation, mortgage pay down, and tax write offs, all while owning a physical asset you can touch. Hard to beat. Check out Bigger Pockets books on real estate investing, and in particular rental property investing. Just a suggestion.

Thanks for the advice.  I’ll talk to my guy.   If it makes more sense, my wife and I both were broke when we met. Went Dutch for a movie and used change in my truck to buy dollar menu afterwards on our first date. Fast forward 5 years and we’re in a different situation.  We thought we made it when we bought our house in the area we did. We also robbed Peter to pay Paul.  Fast forward another 15 and I’m just trying to figure out the best thing to do with the “excess” each year.  We both worked our butts off to get where we’re at and we both realize it’s not guaranteed we will be in this situation even next year let alone in ten or when we retire.  So I guess what I’m getting at is I feel we’re in a position to really better ourselves now if we played our cards right.  But we’re also looking at buying land for ourselves.  So, I’m thinking we may just talk to our guy and see what he says.  It’s tempting to “day trade/gamble” but I don’t know a damn thing about it.  This whole GameStop thing had me thinking.  But I don’t consider myself that dumb to try quite yet.

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