6 ms·

So social security is going to go bust and the markets are losing people money, how is a 20-something techie to build funds for retirement? Go back to stashing

• orangecat 16y ago
  Dollar cost averaging into an index fund. If that doesn't produce a positive return over several decades, then we're completely screwed anyway.
  • jbarham 16y ago
    Just be glad you weren't "yen cost averaging" in the Nikkei 225 which is currently 70% down from its 1989 peak: http://en.wikipedia.org/wiki/Nikkei_225 http://en.wikipedia.org/wiki/Nikkei_225
• timwiseman 16y ago
  20 something? Invest aggressively, see the fact that many markets have lost (and are still loosing to a lesser extent) as an opportunity and invest. The market as a whole is likely to improve over time and this could even be seen as a good thing for the younger investers buying in now. This is not really a problem for the 20somethings. It is a problem for the 50-60 somethings. Many of them were still invested aggressively instead of shifting to more conservative options as retirment approached. This recession was also so widespread that even many invested in relatively cautious positions have lost huge amounts.
• Groxx 16y ago
  There are private retirement funds. There always have been (for loose values of "always").
• tptacek 16y ago
  Meta: why would anyone upvote a comment that suggests there might not be any vehicle for savings and investment outside of "fireproof safes" and "compulsory government retirement contributions"? I say this as a proponent of Social Security.