4 ms·
Respectfully disagree about not dipping into your IRA to fund a startup if you're driven to succeed and raising capital otherwise falls through. Just make sure
by ct 16y ago
Respectfully disagree about not dipping into your IRA to fund a startup if you're driven to succeed and raising capital otherwise falls through. Just make sure it's for the right idea and it'll pay multiples over the crappy returns the S&P has over the past 10 years (which is almost nothing).
- ahi 16y agoEveryone thinks they have "the right idea and it'll pay multiples over the crappy returns the S&P has over the past 10 years."
- m4wk3r 16y agoon the other hand, most people are idiots.
- aerique 16y agoWhich is why they should listen to patio11 (and won't).
- m4wk3r 16y agosure, that's valid. it's also valid to acknowledge that their exists within that group a sub-group of people (albeit small) who DO actually have "the right idea" that WILL actually "pay multiples over the crappy returns the S&P has over the past 10 years", but DOES require going "all in" to achieve.
- nowarninglabel 16y agohttp://www.nytimes.com/interactive/2011/01/02/business/20110102-metrics-graphic.html?ref=business http://www.nytimes.com/interactive/2011/01/02/business/20110... A longer timeline of perspective to enhance your comment.
- yannickt 16y ago"crappy returns the S&P has over the past 10 years" The returns were only crappy for those who invested a lump sum at the peak in 2000 and never reinvested dividends.