by designs 30 Replies latest watchtower beliefs
I was raised on welfare. I never did fall for the WTS don't save for retirement crap. However, even as late as sometime in the early 80's, I gave everything I had in savings to the KH. Through hard work and some good investing....I'm set for life now, and back to work making more than I've ever made, while working on my 3rd retirement plan.
Think About It
My mum got an insurance payout when dad died (I was 5). I later learned that one of the elders convinced her that loaning it to build the local kingdom hall would be a good idea. So mum gave them an interest free loan of around 100K (in the early 1980s). At that time you could have purchased two nice houses. Or one really nice waterfront house, and a new car.
As a child, I used to think that elder was just a great bloke. He invited our whole family over to his house quite often. He used to make us mow his lawns, and do yard work, which I didn't mind too much. He also included us in his family activities. After the hall was built, we had very little to do with him. The hall was his pet project.
It took over 20 years to pay the principal back.
Needless to say, mum doesn't really have any money, and lives on the pension (but is still a devout JW).
I'm fortunate to have a good pension. It's about secure as the rest our given the times that we are living in.
In Canada, we have RRSP's instead of 401 K's. I never beleived in being the one having the most expensive gravestone at a gravesite, so me and my spouse will be content with what we have saved up.
Getting there though, you have to resist the pressure that the society puts on you for dropping your savings plans to get out and becoming a pioneer, and getting out of the work force early. Many in the ORG are not so fortunate, but still some are not too bad., depending on which country you live in.
Doing the sums, some of us can never retire. We will have to die with our boots on, which is not a bad thing. To continue with work and projects, keeps one out of mischief.
Sorry, but that investment strategy worked in the 1980s, but it won't work in 2012, or for the next 5+ years.
Sorry you don't actually know what you are talking about.
@EntirelyPossible
Based purely on my investment results so far, I'm pretty sure I know what I'm talking about.
According to your own words, you have a pension which means you don't control it and you got lucky and pulled out early and then, like I said to do, invested it.
Looks like you don't actually know how pensions work or what investing means, since what you did (invest) and then did again (invest) were kind of the cornerstone of what I said.
Of course, if you have provided any evidence other than anecdotal that you know what you are talking about (and that evidence actually serves to show that you don't), I might be inclined to listen to you.
Perhaps you would care to enlighten the board as to why a mix of slow growth investements (bonds and CDs) vs. agressive investments is a bad idea? Why is a 401K a bad idea?
@EntirelyPossible
Thanks for the observation. However I'm not in the USA so most of what you've said probably doesn't apply regarding penion plans. Where I live I have what's called a self managed super fund. This is a type of trust legislated by Government, and allows me to invest in almost asset classes (even property).
Beyond that I'm not about to get into a "Who's dick is bigger" argument in this thread (or anywhere). Nor am I about to provide anything more than anecdotal evidence to a complete stranger on the internet.
If you'd like to know my exact investment positions, or genuinely want investment advice you can PM me.
My plan takes into account that the dollar is going to become rubbish. They can't collect enough in taxes, and the system is designed to perennially keep us in debt and require more and more dollars. This means hyperinflation can't not happen--and it will happen soon, without warning.
However, they can't print gold and silver.
Beyond that I'm not about to get into a "Who's dick is bigger" argument in this thread (or anywhere). Nor am I about to provide anything more than anecdotal evidence to a complete stranger on the internet.
It's pretty funny how you say that an investment strategy is a bad idea and then keep talking about investing as a strategy. What a maroon. Mine is bigger. Go home secure in that knowledge and sleep tight.
