How does ones 401k triple? Aren’t they set in stone? Like .50 cents to the dollar matching and stuff like that?
I’m not complaining i think that’s awesome, but I’ve never put money into 401ks because I’ve just saved the money as I’ve always needed it in life.
Haaaaaave you met my friend, Interest? 401k's are where your money goes to be pooled with your co workers and employees at other companies to be managed by a firm, to be invested in order to grow. Stocks, bonds, CD's, maybe even land, They invest in all sorts of stuff. Basically, if the markets are rising, so is your money.
How does ones 401k triple? Aren’t they set in stone? Like .50 cents to the dollar matching and stuff like that? I’m not complaining i think that’s awesome, but I’ve never put money into 401ks because I’ve just saved the money as I’ve always needed it in life.
Haaaaaave you met my friend, Interest? 401k's are where your money goes to be pooled with your co workers and employees at other companies to be managed by a firm, to be invested in order to grow. Stocks, bonds, CD's, maybe even land, They invest in all sorts of stuff. Basically, if the markets are rising, so is your money.
Legal Loan Sharking (Lending at under 30%) is much more profitable - you either take 15% interest yearly or you get their assets.
a 401k is an investment vehicle. cash in a 401k is invested in the market. when the market goes up, your investment goes up.