This makes me sick to my stomach when I read this crap. Every single year, they preach the same garbage saying that this is THE YEAR..
9 so-called experts give financial advice on how to become rich... :repuke:
9-ways-to-build-wealth-in-2011: Personal Finance News from Yahoo! Finance
Some of my favorites--
2. Look For Low-Cost Mutual Funds and Watch Those Fees
One of my favorite ways to build wealth is to pay close attention to the cost of investing and stick to low-cost, no-load mutual funds," she says.One example: "If you invested $10,000 in small-cap, value funds with a commission and higher-than-average operating expenses and earned 7 percent a year for 10 years, your balance would be $16,005 and you would have paid a sales charge of $575 and $1,890 in operating expenses," she says.
Slowlane: Turn $10,000 into $16,005 in 10 years.
Fastlane: Turn $10,000 into $10 million in 10 years.
Conclusion: ":fu: the slowlane"
5. Buy a Home
"Ron Phipps, president of the National Association of Realtors and principal broker for Phipps Realty in Warwick, R.I.:
Want to build wealth in 2011? Buy a home, Phipps says. Mortgage rates are low, selection is great, prices are about one-third lower than five years ago, "and, by the way, you can live in the investment," he says.
Homeownership remains a long-term vehicle to financial independence and wealth, Phipps says."
Didn't they say this all the time between 2002-2008? Glad all those people that listened then are rolling in dough now.
Same sh!t different year basically.
9 so-called experts give financial advice on how to become rich... :repuke:
9-ways-to-build-wealth-in-2011: Personal Finance News from Yahoo! Finance
Some of my favorites--
2. Look For Low-Cost Mutual Funds and Watch Those Fees
One of my favorite ways to build wealth is to pay close attention to the cost of investing and stick to low-cost, no-load mutual funds," she says.One example: "If you invested $10,000 in small-cap, value funds with a commission and higher-than-average operating expenses and earned 7 percent a year for 10 years, your balance would be $16,005 and you would have paid a sales charge of $575 and $1,890 in operating expenses," she says.
Slowlane: Turn $10,000 into $16,005 in 10 years.
Fastlane: Turn $10,000 into $10 million in 10 years.
Conclusion: ":fu: the slowlane"
5. Buy a Home
"Ron Phipps, president of the National Association of Realtors and principal broker for Phipps Realty in Warwick, R.I.:
Want to build wealth in 2011? Buy a home, Phipps says. Mortgage rates are low, selection is great, prices are about one-third lower than five years ago, "and, by the way, you can live in the investment," he says.
Homeownership remains a long-term vehicle to financial independence and wealth, Phipps says."
Didn't they say this all the time between 2002-2008? Glad all those people that listened then are rolling in dough now.
Same sh!t different year basically.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
