Early Retirement & Financial Independence Community - View Single Post - On $20,000 Salary Parking Lot Attendant Saves and Invests Has $500,000 Portfolio

twaddle · 09-17-2007, 06:27 PM

Not bad. 44 years is the key, I think. Save $1000/year for 44 years at 9% and you get $500K.

Edit: wait, it says he started in 1981 with a $400 investment in IBM. So, that means 25 years at 25% to get $500K. We have found WEB's replacement!

09-17-2007, 06:27 PM	#2
twaddle Thinks s/he gets paid by the post Join Date: Jun 2006 Posts: 1,377	Not bad. 44 years is the key, I think. Save $1000/year for 44 years at 9% and you get $500K. Edit: wait, it says he started in 1981 with a $400 investment in IBM. So, that means 25 years at 25% to get $500K. We have found WEB's replacement! __________________ Favorite ERF quote: "I'm not going to waste my time on someone who's more interested in being stubborn or obtuse or intolerant." -- Nords Favorite ERF error message: "Sorry Nords is a moderator/admin and you are not allowed to ignore him or her." Last edited by twaddle; 09-17-2007 at 06:39 PM.