4 ms·

I honestly don't know, but I should problably check. I sold a _very_ small IT company in 1998 for $50K when I got a "real job"; the truth is, I didn't earn muc

I honestly don't know, but I should problably check. I sold a _very_ small IT company in 1998 for $50K when I got a "real job"; the truth is, I didn't earn much on my own company, and it was doomed to fail anyway. I was only 22 years old, and my financially over-protective dad (thanks, though, and RIP) insisted on putting all the money into pretty secure stock funds. I've never needed the money, and after my dad passed away in 2012, my brother's lawyer and accounting company keeps it under control. Based on a fairly conservative avg. interest of 7% since then, I should be good for $190K now, increasing approx. $1K+/month at the moment. If my rather poor math skills serve me right. The reason I don't bother about this investment is that I'm currently OK with the "normal pay", but it's also because I'm afraid of being disappointed if I look into it, or (worse) get so excited I spend it all on crap. :/ Also, if I never bother about those money, I guess I'll never miss them when the stock market _really_ crashes. :)

zht 9y ago
you should probably check... there may be fees or other things that have happened.
- thatwasunusual 9y ago
  Ah, yes. I forgot to mention that; the "fund controllers" take 1.25% of my portfolio. The last 5 years it seems to have increased 12,6% in average, though, so I'm not that worried. If I had controlled it myself, well, you get the idea... :)
  - graton 9y ago
    That is a crazy high expense ratio. Schwab offers an S&P 500 index fund for 0.03% https://investor.vanguard.com/investing/how-to-invest/impact-of-costs https://investor.vanguard.com/investing/how-to-invest/impact... http://financials.morningstar.com/fund/expense.html?t=SWPPX&region=usa&culture=en_US http://financials.morningstar.com/fund/expense.html?t=SWPPX&...
    - tome 9y ago
      And 12.6% is a pretty good return.
    - thatwasunusual 9y ago
      ...but is it better? :)
      - graton 9y ago
        Well here are the S&P 500 results for the last few years: As of today for 2017: 14.24% Dec. 31, 2016 11.96% Dec. 31, 2015 1.38% Dec. 31, 2014 13.69% Dec. 31, 2013 32.39% Dec. 31, 2012 16.00% Source: https://ycharts.com/indicators/sandp_500_total_return_annual https://ycharts.com/indicators/sandp_500_total_return_annual

zht 9y ago

you should probably check... there may be fees or other things that have happened.

thatwasunusual 9y ago
Ah, yes. I forgot to mention that; the "fund controllers" take 1.25% of my portfolio. The last 5 years it seems to have increased 12,6% in average, though, so I'm not that worried. If I had controlled it myself, well, you get the idea... :)
- graton 9y ago
  That is a crazy high expense ratio. Schwab offers an S&P 500 index fund for 0.03% https://investor.vanguard.com/investing/how-to-invest/impact-of-costs https://investor.vanguard.com/investing/how-to-invest/impact... http://financials.morningstar.com/fund/expense.html?t=SWPPX&region=usa&culture=en_US http://financials.morningstar.com/fund/expense.html?t=SWPPX&...
  - tome 9y ago
    And 12.6% is a pretty good return.
  - thatwasunusual 9y ago
    ...but is it better? :)
    - graton 9y ago
      Well here are the S&P 500 results for the last few years: As of today for 2017: 14.24% Dec. 31, 2016 11.96% Dec. 31, 2015 1.38% Dec. 31, 2014 13.69% Dec. 31, 2013 32.39% Dec. 31, 2012 16.00% Source: https://ycharts.com/indicators/sandp_500_total_return_annual https://ycharts.com/indicators/sandp_500_total_return_annual