raiser wrote:If you are a teacher, you should be dollar cost averaging / maxing your New York State Deferred Compensation 457 with index funds. Look for the funds with the lowest expense ratio. Once your max out your 457 find out what low cost 403b vendors are on your districts plan and also max that out.
Robert Kiyosaki is a con artist and Rich Dad Poor Dad is made up story. Check out Bogleheads and stop taking swing bets on the market.
https://thecollegeinvestor.com/4726/ultimate-hypocrite-robert-kiyosaki-companys-bankruptcy/
https://www.bogleheads.org/wiki/403b_plans_for_K-12_public_school_district_employees
I know about kiyosaki bankruptcy. He's helped a **** load more people than he's hurt, though. He's right a lot, too.
I would trust him over yellen or powell, who knowingly lied about what was going to happen with inflation, money printing, and the recession we're currently in.
I'll look into those boglehead guys. I'm always open to listening to new people, and new ideas.
I won't listen to those tik tok, gamble guys on the market though. I'm an old school investor. Also have common sense, which is why it was easy to see this recession coming, as well as how much worse it's going to get in the next year or so, if not financially educated
I already max out my two roth IRAs by DCA each month. Pages ago I talked about this.
I use other money to go for more risky securities, like small cap ETFs, certain sectors, etc. Only 35, so I have time to recover.
I no longer teach in NY. Left about 5 years ago. It's a **** state, and only going to get worse, and poorer. Will never look back.
I just post what I do because these are old school people who are right more than wrong. And most people are emotional and political; the people i listen to and follow are not. Just use common sense with market and investing and you'll be fine.
Just looking out for fellow knicks fans on realgm
