Yay for compound interest!

[essentialsaltes]

It screws you in the butt when you owe, but sometimes the compound interest fairy gives back. One of my mutual funds just unloaded a year-end dividend of unusual size, in addition to posting. Should it continue to spew at that same rate (and I reinvest it all, as I do) I calculate that I will be a millionaire when I'm 95!

Comments

[essentialsaltes.livejournal.com]

We haven't talked to Suzanne, but I feel comfortable with my own paltry efforts.

Single stock has risks, but it's really the only way to win the lottery by investing. My losing stock is making a rally, and their intellectual property situation is good. I'm still hopeful that they will kick some serious ass and become a ten-bagger, in Peter Lynch's phrase.

But for solidity in my dotage, I'm certainly relying heavily on mutual funds.

Although I claim no expertise, Becca seems to think investing is in my blood. My grandfather was president of the National Association of Investment Clubs, or whatever it is they're calling themselves now. Certainly, Grandpa sent me enough books on investing. Peter Lynch's being the best of them. Of course, he works for Fidelity, so you're getting his benefit anyway.