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> Learn about compound returns a little more. $500 a month at 8% (typical market returns recently), and over 10 years gives you back $92k - a $32k profit on the
by csomar 5y ago
> Learn about compound returns a little more. $500 a month at 8% (typical market returns recently), and over 10 years gives you back $92k - a $32k profit on the $60k you put in.
You might want to update your models. If interest rates will remain at 0 (or get negative like in Europe), you'd be lucky with 0-1% return.
- kcatskcolbdi 5y agoI'm assuming you mean a real yield and not nominal. Lower interest rates should provide even higher nominal yields.
- Godel_unicode 5y agoThere are plenty of asset classes which are quite safe and return >5%. Saving money in a "savings" account was never a good idea (outside of an emergency fund).