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Write a simple computer program to calculate your return over time. Assume 7% average real return of the S&P 500. See for yourself.
by skookumchuck 9y ago
Write a simple computer program to calculate your return over time. Assume 7% average real return of the S&P 500. See for yourself.
- BeetleB 9y agoI did: >http://blog.nawaz.org/posts/2015/Dec/pay-down-mortgage-or-invest/ http://blog.nawaz.org/posts/2015/Dec/pay-down-mortgage-or-in... I'm not saying saving 10% is bad. It may be good enough to retire depending on when you start out. But it won't take you out of the middle class. For most developers in my city, 10% means saving $7-10K a year.
- skookumchuck 9y agoIt'll make you a millionaire easy. But really, this is just a basic strategy, sort of like the "Dealer's Strategy" in blackjack. As you become a more sophisticated investor, you can invest in things that pay off better. To become a more sophisticated investor, you'll need to start reading books (uh-oh!) on investing, accounting, and business.
- BeetleB 9y ago>It'll make you a millionaire easy. That wasn't in dispute. The issue in contention is moving out of the middle class. Having $1.3 million in retirement when you're 65 puts you squarely in the middle class, if you go by the 4% withdrawal rate.