tag:blogger.com,1999:blog-3276688108456391559.post4048588965578902619..comments2024-02-27T13:41:46.698+08:00Comments on SG Young Investment: Why Young Adults Should Not Focus On Investing At The Start Of Their CareerSGYIhttp://www.blogger.com/profile/09445517891969740960noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3276688108456391559.post-24767550760541604252018-04-18T04:24:03.243+08:002018-04-18T04:24:03.243+08:00It's impressive how one can influence their fu...It's impressive how one can influence their future by saving and investing as early in their career as they can. The final result also depends on the income level, so it's important to think every factor over before throwing oneself into investment. Some of my younger clients have done this before, and pretty often they had to start all over again after losing money.Mark Streshinskyhttp://www.markstreshinsky.com/noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-1048623864137825262018-03-29T10:05:01.650+08:002018-03-29T10:05:01.650+08:00Hi,
My example is assuming Kimberly invest $20,0...Hi, <br /><br />My example is assuming Kimberly invest $20,000 a year and Jon invest $15,000 a year. It also assumes both earns the same salary but one of them saves more and invest more as well. <br /><br />The point I'm trying to drive across is that saving more will enable us to accumulate more even with lesser investment return. Using your example where Jon invests $5000 a year at 7% while Kim saves $5000 a year in the bank with 0%, yes Kim will have lesser in this case. BUT, if Kim can save $5000 more a year which is $10,000 while Jon still saves $5000 and invest at 7%, Kim will still have more money at the end of 15 years. Just by saving $5000 more a year and Kim doesn't even have to invest to have more money than Jon. If Kim invests as well, then she would be way better off in the end. So, savings is important as well. This is the point I'm trying to make :)SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-49100222635967997842018-03-29T01:34:03.824+08:002018-03-29T01:34:03.824+08:00Soooo, what can Kimberly do with that extra $5000 ...Soooo, what can Kimberly do with that extra $5000 a year? Also, just curious, may I know what figures are you using for Kimberly and Jonathan's investments? <br /><br />What accounts for these difference to begin with? Does Kimberly have a higher salary than Jon? If she has a higher salary, then her networth will nonetheless be higher regardless she spends that $5000 or save it every year. <br /><br />If Kim and Jon and earning the same amount of money, and Jon invests $5000 every year at 7% while Kim saves that $5000 in the bank with 0%,Jon would have $125,645 while Kim would have $75000 at the end of 15 years.<br /><br />Perhaps you can show us some figures as I am terribly confused by the point you are trying to drive across. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-1056949632457295522018-03-18T16:10:42.118+08:002018-03-18T16:10:42.118+08:00Hi,
The purpose of this article is to show that i...Hi,<br /><br />The purpose of this article is to show that if we can just save even $5000 more a year, we would have been better off than getting better investment returns. <br /><br />Investment returns are never certain. Savings can be controlled by us instead. It is much easier to save more than to earn extra 3% investment returns consistently. <br /><br />Yes if Kimberly does earn 7% investment returns too, then she would be even better off. Likewise if Jonathan earns 4% only, then he would be much worse off. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-89443878425907296232018-03-18T15:47:01.151+08:002018-03-18T15:47:01.151+08:00Why Kimberly and Jonathan return are different in ...Why Kimberly and Jonathan return are different in the first place? Let say Jonathan invested later, and if it's market return, both of them should get the same market return. If they are getting different return, then basically Jonathan is a better investor than Kimberly and not why young adults should not focus on investing at the start of their career.<br /><br />Try putting the same return and you will see the result. The difference of 3% is distorting the whole analysis.<br /><br />I will assume both of them getting the same market returns insteadAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-83599920574735971012018-03-16T22:56:56.969+08:002018-03-16T22:56:56.969+08:00Hi Uncle CW,
Good advice! I have another 10 years...Hi Uncle CW,<br /><br />Good advice! I have another 10 years then. hahaSGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-26651449410129611542018-03-16T15:21:17.018+08:002018-03-16T15:21:17.018+08:00Focus strongly on your career before your 40s. By ...Focus strongly on your career before your 40s. By mid 40s more or less we will know our limit in climbing corporate ladder and then it is time serious focus on investing to build sustainable retirement income for life. Earn more AND save more is the foundation of your investing skills.CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-56972997160808507002018-03-15T19:48:23.552+08:002018-03-15T19:48:23.552+08:00An impressive share! I have just forwarded this on...An impressive share! I have just forwarded this onto a co-worker who <br />has been conducting a little homework on this. And he actually ordered me <br />breakfast simply because I found it for him... lol.<br />So let me reword this.... Thank YOU for the meal!! But yeah, thanks for spending the time to discuss this issue here on your site.Anonymousnoreply@blogger.com