Quote:
Originally Posted by sterlingice
I guess I'm doing what I can to help stay ahead of inflation. I keep throwing my money into my 401k and I just get to accept that there's no really secure way to save money (like, say, dropping money in a savings account) - I just have to accept that every few years, these assholes are going to crash the market (someone's going to make a boatload of cash doing it and it's not me) and I'm going to lose a bunch of my worth with it and hope it keeps bouncing back. I can have a nicely diversified portfolio (stocks, bonds, real estate) and it doesn't really matter that much.
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Start early, think long term, disciplined and consistent investing ala dollar cost averaging in good stocks/MF/ETF's and you're home free when you get to 67. With some luck, maybe in your 50s.
I don't know if schools do this, but my kids had basic personal finance and some investing. And it should be taught as a gen ed class in college also. In college, we were still looking at the stock tables in newspapers!