4 ms·
If they did nothing but throw it into a stock market index fund for the last 11 years and compounded it at the standard 8% they would have profited 9 billion do
by wonderwonder 5y ago
If they did nothing but throw it into a stock market index fund for the last 11 years and compounded it at the standard 8% they would have profited 9 billion dollars. Not a bad way to make a buck. That's at a standard 8%, the stock market returned 9.2% the last 10 years. S&P500 returned ~13%. These guys know what they were doing and were laughing on the way to sign the settlement papers.