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There is a huge amount of sarcasm here, but I have done incredibly well since Nov 2016. Like 15% year over year improvements. Under Obama, I saw no growth at al
by thrower123 8y ago
There is a huge amount of sarcasm here, but I have done incredibly well since Nov 2016. Like 15% year over year improvements. Under Obama, I saw no growth at all.
- rchaud 8y ago> Under Obama, I saw no growth at all. Really, you saw no growth at all during a Jan 2009 - Oct 2016 period during which the S&P 500 went from 850 to 2153, a 153% increase? Are you an especially poor investor or are you just making stuff up online as has become the norm for Trump astroturfers?
- thrower123 8y agoI bought in around 2012, so I didn't gain anything to speak of over the second Obama term. I'm in Vanguard total market index funds.
- NLips 8y agoVanguard total stock market index VTSMX 2012 low: 31.76 2012 high: 36.72 2016 low: 45.03 2016 high: 57.17 2016 high pre-election: 54.84 So the worst you possibly could have done between 2012 and 2016 was a 22.6% gain. Using more middling points of 36 and 50, you'd have gained almost 39%. Annualised (rounding up to 4 years) that's between 5 and 8.5%. The stock market has climbed at a steeper average rate since then, but "didn't gain anything to speak of" is misleading.
- thrower123 8y agoYeah, this isn't even close to the real performance I've seen. I was at basically zero growth for years, but as soon as Obama left, things jumped.
- etrautmann 8y agoThis is obviously made up, as indicated by the metrics stated above.
- rchaud 8y agoThe Vanguard Total Stock Market Fund (VTI or VTSMX) increased 66% between Oct 2012 - Oct 2016 [1]. That's a 10.1% CAGR. Are you sure you "didn't gain anything to speak of"? [1]: https://investor.vanguard.com/etf/profile/vti https://investor.vanguard.com/etf/profile/vti
- TheAdamAndChe 8y agoOnly 54% of Americans invest in the stock market[1]. Those who don't invest measure economic growth by different metrics like inflation-adjusted incomes and quality of life. [1]: https://www.chicagotribune.com/business/ct-americans-dow-22000-investing-20170803-story.html https://www.chicagotribune.com/business/ct-americans-dow-220...
- thrower123 8y agoGas is less expensive now in dollars, even without accounting for inflation, than it was in 2013.