[quote="9mm BeRetTa":f2b61]
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Originally Posted by HeadUp
cash in on a shitload of money 50-60 yrs from now...i hear of some that give you $100000 for an initial investment of ony $1500 or so,
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Yea realistically I think you are only supposed to gain about 7-12% in the LONG TERM average, but by taking bigger risks you have the potential for much more.[/quote:f2b61]
An investment keeping pace with the S&P 500 is supposed to double every 7 to 8 years on average without you having to do jack shit.
The best thing for young people to do is get some kind of payroll deduction to either a Roth IRA or 401K. This way, you don't miss the money, you consistently contribute, and its pre-tax dollars in the case of a 401K. BTW, if you have kids do the same thing immediately in a 529 plan.