jim fink's velocity profit multiplier reviews

Under this scenario, we assumed the investment appreciates 10% every year. That’s what I call the “Feels Good” scenario since there is never a reason to question if it was the right thing to do. Further, we assumed that the net asset value (NAV) of that fund went up or down in price each year based on the annual “Return” assumed under the scenarios outlined below.Įveryone loves to see the value of their 401k account keep going up every year. To keep the math simple, we assumed that the contribution was made at the start of each year into a single mutual fund. The only variable was the assumed rate of return on the investment each year over the next decade. In each example, we assumed the same dollar amount ($10,000) would be contributed on an annual basis into the same investment. To illustrate, I assumed three possible scenarios that could unfold over the next 10 years. Rather than trying logic to prove my point, I decided to use a spreadsheet to make my case. The fact that they were second-guessing their 401k plan contributions made me realize just how emotionally upsetting this experience is for everyone. The best time to buy into the stock market is while it is crashing!”īoth of my kids are smart, well educated, and very rational thinkers.

“Are you kidding?” I roared in response, “This is precisely the time that you should be maxing out on your contributions. They wanted to know if they should still be contributing to their accounts in light of the stock market’s recent meltdown. While chatting with them over the weekend, the subject of their 401k plans came up. They don’t have anything else to do at the moment and neither do we. Our only concession is that we have our two adult children over for dinner every Saturday night. We stay at home and only go out when absolutely necessary. Like everyone else, my wife and I are practicing social distancing until the coronavirus pandemic is under control.

Jim fink's velocity profit multiplier reviews