4 ms·
17% is an amazing annual return, not just ‘okayish’ $100,000 would be worth $2.3 million in 20 years and $11.1 million in 30.
by JauntTrooper 8y ago
17% is an amazing annual return, not just ‘okayish’
$100,000 would be worth $2.3 million in 20 years and $11.1 million in 30.
- thiago_fm 8y agoExactly, your example just reinforces what I've mentioned: if the very best can get something that will make you rich only in 20 years, don't expect to get richer faster than that. Not to mention that I think this doesn't include inflation. If you would take it out of it, you would see that it isn't that much money that is made with extreme returns. You get rich by investing a long time, a large quantity, not by having a good yield. Even if you are the 0.01% who manage to get some crazy returns, it will still take you a while. So patience is king.