View Single Post
Old 03-31-2007, 09:15 PM  
Snake Doctor
I'm Lenny2 Bitch
 
Snake Doctor's Avatar
 
Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
Quote:
Originally Posted by Alex from Montreal View Post
Are you doubting the power of compound interest? LOL
No we're doubting a 15% average annual return over a long period of time. It just isn't going to happen for 99.9% of people.

If you're really good at timing the market and picking stocks you can do that, but the average Joe who puts money into a mutual fund and leaves it there is going to do 8-12% over the long term.
__________________
sig too big
Snake Doctor is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote