Banro Corp. fka BAA

[VSAStory]

Read the book the Automatic Millionare. Compound interest (in a fund , Ira , or 401k) is a big difference to a savings account. I wish I started at 20. It's like getting an enormous head start. Not to mention, pre tax is an automatic ROI. The refers to it as "paying yourself first"
I.e. To buy $1000 of a stock you must first "make" $1300...give uncle Sammy $300 of hard earned money and you get the "leftovers"
Whatever stock your purchase from your leftover $1000 must then appreciate in value 40% for you to get back to your original "pre tax value" because at 40% growth you will have $400 in profit!!! But then will need to give uncle Sammy anywhere from 15-30% of that $400 in profit. You'll be thinking "Wow! I'm up 40% in 9 months! Wow! When really you are just about to break even with your "pre tax investment"
This whole process can take years especially if your have some trades that temporarily go the wrong way.
As I understand it, investing / Trading should only be done with money that is above and beyond your annual fully funded IRA investment.