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Where does a young guy start investing money?
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WAYNE0224
Posted 10/13/2021 17:35 (#9267191 - in reply to #9267145)
Subject: RE: Where does a young guy start investing money?


west central ohio
I have to agree with Frytown. I started buying tool type assets in my early twenties. Looking back im glad I did, as they have paid me back ten fold. Also It would cost me significantly more to buy those same tools today, as inflation is taking hold. As I get older, I also realize that giving everyone else your money to use is ever more a scam. I am no financial genius that is for sure, but I'm starting to grow very skeptical of the stock market. The whole 401K and pension system seem to be fueling a giant Ponzi Scheme. Dont get me wrong, as I am invested in both. I have been hesitant to put very much of my income towards it. Something about using "MY" money for 46 years and not letting me have it back without huge penalties, just dosent sit well with me. Also it is just ironic that you borrow money for a house/farm, and the investors loan you "YOUR" money back to you for 30 years, and take all the interest up front.
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