>invest $12k every year into ETFs
>aim for 7% return
>the market typically gains 8-10% per year on average in the long-term
>after 29 years, have one million dollars, give or take
Tell me why this is a stupid idea.
>>1004930
This is a smart idea.
>>1004930
>tell me why this is a stupid idea
it isn't?
because the last decade is not "normal". 8-10% over the last 100 years is a fantasy. Your total return over the last 100 years is right around 3-4% return a year.
10% is gone forever with QE ending and interest rates going up
>>1004930
No goy invest in gold or pick your own stocks its the best way
>>1004944
>8-10% over the last 100 years is a fantasy. Your total return over the last 100 years is right around 3-4% return a year.
Really? W.T.F. Really?
Are you seriously the dumbest person to ever venture on the board? I mean, sure, lots of people here make shit up for giggles ... but you're actually trying to sound legitimate here.
What a fuckwit.
>>1004944
"no".
3 % in dividends(more some years less others) reinvested, and then an, over time, annual growth rate of 4 % of stock prices is not far fetched.
>>1004946
>goy
shit is real bro
>>1004930
You may die within the next 29 years.
>>1004985
After accounting for inflation you're not making 8-10% also averaging 8% is very different than having your money compounded by different rates that averages to 8% over a few decades.
>>1004930
Have fun losing most of it in the next crash and having another bubble pop up and explode every 5-10 years and losing most of your money's value to inflation. If we experience only 2% inflation a year which is a lot lower than what we have now then 29 years from now a million will be worth what 550k is today.
>>1004930
There are lots of dumbasses in this thread!
>>1005038
speak for yourself
The problem occurs because the function of the chart changes. The crash in 2008 took us to 96-98ish levels. But prior to that the gains were really steady, so the chart looks pretty good. There is no reason to think the chart will follow this nice trend again, and there's far more reason to think it will either follow a boom-bust like the last thirty years or depreciate slowly like N225.
>>1005033
Stop throwing out strawmen. No one ever claimed that that 8-10% long-term performance of equities was net of inflation.
If you to use real growth rates, fine. As long as you keep any comparisons apples-to-apples, it doesn't matter. So what asset class has growth more than equities over long-term testing periods on a real basis?
tl;dr Stop being a pedantic retard.
>>1004930
It's only "stupid" because in 29 years you may be dead or incapacitated. But if you're patient it actually is the best thing to do with your money.
>>1005033
>After accounting for inflation you're not making 8-10%
That's literally the case with everything, so why even mention it?
>After the cost of food and shelter you're not making [Salary].
>After taxes you don't actually make [Contract Income]
God just go eat shit from a hooker's asshole already.
Because you only live once.
Just fucking daytrade.
BILLION OR BUST
I've been saving over 20k a year and putting them into ETFs. This week I was diagnosed with renal cancer.
>>1005599
w-w-what? at least you got triple dubs...
>>1005767
thanks
