GBT Technologies Inc (GTCH)

[marylandstockguy]

My 401k is invested in the S&P. The S&P closed on Friday at 5,615.35. It’s up 86.32% over the past 5 years and this will enable me to retire when I want, along with many others who max out their 401k investments and get matching contributions from their employers. This isn’t belief - it’s just numbers and compound interest over time in your 401k. Just pull up the chart for the S&P 500. Take a close look and map it all out. This is the reason people invest long-term in the stock market.

The worst thing anyone can do is try to buy only OTC stocks with all of their money. You buy these within your budget and trade wisely for fun. For the long-term plan you get a lifecycle fund contribute every paycheck and don’t pay attention to it. Just keep contributing. IMO that’s how you win long-term. Maybe it’s not sexy because you don’t make millions in a month. But it’s how you guarantee yourself, at the very least, a nice nest egg in retirement. Take a look even beyond 5 years. The S&P is essentially at an all-time record. Think of that over 30 years with compounding interest.