Was driving home from Easter service today and flipping through the station and some Lifestyles Unlimited guy is talking about real estate investing and how it compares to 401(k) investing. Are we all just viewed as complete idiots by these people or something? He talks about how 401(k) investing is super expensive from a fee standpoint because you're paying others to manage your money. What? My fee is .11%. And nobody is managing my money - it's in set markets. He talks about how if you can invest the max 19k a year for 30 years you'll have 570k, and then you'll need 4k a month which means your money will only last 12 years. It's like ... what? First off, how many people who are in a position to save 19k a year in a 401k are worried about making ends meet in retirement? Second off, how do you just magically ignore ALL interest gains? Like, what, I put 19k in my account this year and get nothing in return so I do it again next year, get nothing, do it again the next 28 years? Third off, where is 4k a month coming from? It's all just pie in the sky nonsense predicated on me being a total idiot who needs your help. Then he starts talking about how if you were to instead put that 19K into a house every year, you'd come out with millions and millions in the end. Right, so with an extra 19K a year I'm going to pick up properties, manage them, maintain upkeep costs, find tenants, deal with property taxes, it's all just going to print me money! I mean, come on dude. Maybe I don't understand all the intricacies, but don't treat me like a complete moron and then expect me to buy your product. Sad.
Submitted April 21, 2019 at 02:05PM by PsychologicalNet22 http://bit.ly/2Ixtioy
