Quote:
Originally Posted by taruffi57
Conclusion: They are smart. In 40+ yrs. in the stock mkt., our investments have multipled remarkably - from just letting it ride.
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The most complex issues are truly simple. I recall an old book, that said you should save 10% of your income. Simple to understand hard to do BUT
More truly simple stuff long term the stock market grows 7-8% the past 15 years have been better than that but at 8% it takes 9 years to double your money so if, you start at 20 and live till 70 it is 50 years so it will double 5.5x
10,000x2=20,000 (1) is 40,000 (2) is 80,000 (3) is 160,000 (4) is 320000 (5) is 640,000 (6) 1280000 compounding is a powerful force.