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If your friend can reliably generate 10% (not just in the current insane bull market) he should open a hedge fund.
by Grustaf 5y ago
If your friend can reliably generate 10% (not just in the current insane bull market) he should open a hedge fund.
- FpUser 5y agoHe had it for about 4 years I think. Also he does not manage the money. Somebody else does it for him.
- PragmaticPulp 5y agoIf your friend gave someone a million dollars and they promised to deliver $100K per year indefinitely, your friend is the victim of financial fraud.
- FpUser 5y agoWho said they've promised anything? He said that he was able go get about 10% in a last 3-4 years and that is all.
- deleted 5y ago[deleted]
- bcrosby95 5y agoMarkets have been amazing the last 4 years. You can't use that short of a timeline to predict the next 40.
- DeathArrow 5y agoI think that if you tracked S&P 500 since inception years you made about 10-11% year on average. https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp https://www.investopedia.com/ask/answers/042415/what-average...