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Reply
Posted: Tue Apr 02, 2019 7:02 am
by PsyGuy
@Heliotrope
No, we agree to having dissimilar experiences.
Re: Late start working toward a retirement
Posted: Tue Apr 02, 2019 7:51 am
by Heliotrope
Haha, sure.
Re: Late start working toward a retirement
Posted: Sun Apr 07, 2019 1:46 pm
by trending1967
Again, that you all.
Should I cross the countries below off my list? I think at my age it's too late and there are too few years for me to work to build up a pension compared to what is offered in Europe.
USA
Canada
UK
Australia
New Zealand
Reply
Posted: Sun Apr 07, 2019 2:15 pm
by PsyGuy
@trending1967
USA: No, its probably one of your better options, there are states that will vest you in the state pension for as little as 5 years.
CAN: Maybe depends on the location. They are about comparable to some parts of the EU.
UK: Absolutely, you need a few decades to earn a pittance of a pension.
AUS: Depends how fast and how far up you start there are DTs on the seniority level of the scale that with TLR are making near 6 figures.
NZ: Same as AUS because it is AUS
Re: Late start working toward a retirement
Posted: Mon Apr 08, 2019 8:12 am
by MartElla
falconeer wrote:
> To echo what many on this board have said, you first need to go somewhere
> where you can save a lot, likely the Middle East. Earn as much as possible,
> save as much as you can. But this won't be enough. You'll need the market.
> Index funds are one approach, but if it is possible, you should attempt to
> learn to trade. The margins are much higher if you can learn to trade
> individual stocks, learning to recognise trend reversals and take advantage
> of volatility. This can be learned.
He's 51. Please stop giving advice like this.