4 ms·

Index funds are closer to 7% per year, I believe.

• kzrdude 8y ago
  Great for the long run, but they also have bad years. Global index funds also gave net 0% in the interval 2006 to 2012, since the financial crisis hit there. Weighed up by good years giving far more than 7%, but one needs to have time.
  • namibj 8y ago
    You have to consider that not that few expenses can wait. Think of the new paint on the walls, or the new floor on the staircase. Or the new table, etc. Worst case you'll be stuck in a minimum-wage like lifestyle. Best case you're on your yacht in the Caribbean.