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#41
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I agree 100% with Mason.
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#42
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s&p 500 has returned an average of ~9% since 1950 so i don't thinky my 10% figure is out of line at all
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#43
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since 1976 the vanguard 500 index fund has returned 12.26%
https://flagship.vanguard.com/VGApp/...FundIntExt=INT |
#44
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[ QUOTE ]
[ QUOTE ] The reason why debt is bad for most Americans is because they are 55 years old with 1.5x their annual income in 27% APR credit card debt. [/ QUOTE ] Who's paying 27%? [/ QUOTE ] People with bad credit. I don't understand where you are going with this. |
#45
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You said "most Americans". Most Americans aren't paying 27%.
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#46
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[ QUOTE ]
s&p 500 has returned an average of ~9% since 1950 so i don't thinky my 10% figure is out of line at all [/ QUOTE ] You could have said the same thing in 1925, for example. You could also have invested in various markets in various places in 1950 and have zero by now. Picking out one of the markets that did well during a specific time frame doesn't justify that being your expected return. It's like saying well I averaged 20k/month at poker for the last 3 months so that's my long term expectation, and ignoring 2 months breakeven before that. Also, inflation has averaged 4% over the last 50 years so even if you accept 9% then you're down to 5% vs 3%, with much higher variance. Enough people who put their money into hedge funds lost most or all of what they put in, even in a good market. Long Term Capital Management is a good example. Not saying you shouldn't invest or that the markets are a bad place for it. I recommend reading books like fooled by Randomness and Black Swan for a complete picture, though. |
#47
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retiring, when i'm 30 is gonna be awesome...i enjoy considering it while i'm drunk in some random country i've travelled to.
suckers [img]/images/graemlins/smile.gif[/img] |
#48
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Not saying you shouldn't invest or that the markets are a bad place for it. [/ QUOTE ] i dont think i understand your point in this thread then... |
#49
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Realistically, I'd join the Coast Guard and stay in for 20 years then retire.
I could say I'd play lots of poker or something but I know that it would just lead me down the path to failure like it has the last 7 years. I could also pretend that I'd get my college degree and get a great job but I've had one for 3 years now and it hasn't done [censored] for me so what's the point. My time in the Coast Guard was not always great but I was financially stable, saved a lot of money for retirement, and had some good experiences and met cool people. |
#50
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[ QUOTE ]
[ QUOTE ] Not saying you shouldn't invest or that the markets are a bad place for it. [/ QUOTE ] i dont think i understand your point in this thread then... [/ QUOTE ] Well I guess the point has meandered a bit, but; * It's very easy to be deceived by headline numbers, cognitive biases and silent evidence about the true value of investments and their reliability. Real expectation may not be much greater than on a deposit account. * Money is typically more valuable to you when you're younger. And if I had to add one more * Beyond a certain point extra money doesn't add a whole lot to your happiness. That point is a lot lower than you think. it may still be sensible to save sure but it's tough to see how it would be the main thing in your life that you'd do differently. If so you haven't made many mistakes. |
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