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Title: How's this for a garage-find? Post by: dguy on February 09, 2009, 11:50:21 am Rare Bugatti found in garage sells for nearly $5.5 million (http://www.cbc.ca/world/story/2009/02/09/car.html)
Title: Re: How's this for a garage-find? Post by: FieroBUZZ on February 09, 2009, 12:28:09 pm The ultimate RRSP
Title: Re: How's this for a garage-find? Post by: falcon_ca on February 10, 2009, 11:00:50 pm I just coming back from my garage. 8)
just in case... :D Unfortunatly, there is only a little Fiero in there.... :P Title: Re: How's this for a garage-find? Post by: aaron88 on February 22, 2009, 02:11:07 am It's not realy that big of a pay off. A little over 10% compound anually. I make 15% on my investments. So lets say I invested $2000 today. In 72 years that will be almost $100,000,000. I'll take that over a car any day.
Lets say that with inflation I figure I want to retire in 30 years with 2.5 Million dollars (let's also say that's 30 years from when I was 18). I would have to find a way to invest $30,000 today. That's it, thirty grand. Most people think buying a house is a great investment. Well yes, it's better than paying rent, but don't use it to retire on. The real kicker is that I knew all of this when I was 18 but I still haven't managed to invest more than $5000! I'm way behind. Aaron . Title: Re: How's this for a garage-find? Post by: falcon_ca on February 22, 2009, 10:54:21 am It's not realy that big of a pay off. A little over 10% compound anually. I make 15% on my investments. So lets say I invested $2000 today. In 72 years that will be almost $100,000,000. I'll take that over a car any day. Lets say that with inflation I figure I want to retire in 30 years with 2.5 Million dollars (let's also say that's 30 years from when I was 18). I would have to find a way to invest $30,000 today. That's it, thirty grand. Most people think buying a house is a great investment. Well yes, it's better than paying rent, but don't use it to retire on. The real kicker is that I knew all of this when I was 18 but I still haven't managed to invest more than $5000! I'm way behind. Aaron . as most of us... :-[ Title: Re: How's this for a garage-find? Post by: 87GT on February 23, 2009, 11:42:07 am Just a few words from an old retired guy - retired 2005, now 65 yrs. - pay yourself first every month into a conservative RRSP (and/or TFSA) starting now.
Not Fiero or even car related info for this forum, but it keeps the hobby going when you have more time to do it. |