Re: all you college drop outs...
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For all of you thinking you'll get 8-10% compound growth for years to come, you have no idea what you're talking about. That may have happened in the past, but there is no way you can apply this to the future.
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Thank you for enlightenting us that we cannot read into the future. As for growth, you will THEORICALLY get 8-10% based from results of the past 30 years (S&P 500, Total Stock Market etc). The increase in money isn't guaranteed, or else it would be called a savings account, not an index fund.
A similar analogy would be, I am beating the game at my limit for 3bb/100 after 500k hands. Theorically, I would continue making 3bb/100 at this limit (which could be lower since my opponents improve but so do I). Now can you tell me if I can expect such winrate in the future or this is result from the past and I cannot apply this for the future?
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