5 ms·

If you're getting 20% returns you've quit your day job and are doing this exclusively, right?

• abofh 5y ago
  And has he got a coin to sell you! He's either not really getting 20% or is cheating on his taxes. Source: I have a personal relationship with my auditor, and I'm pretty sure he hates me because I don't willfully cheat on my taxes.
  • hedgehog 5y ago
    Nothing to sell here unless you want to invest in my next company. I do pay all the taxes I owe. The curse of good luck is I don't have much reason to believe my future returns will continue to be so good.
• hn_go_brrrrr 5y ago
  Not GP, but there's no secret sauce here. VTSAX is up 25% each of the last three years, and it's hardly unique. The market has been doing well. Things that track the market will also do well.
  • kgwgk 5y ago
    "going back 15ish years" The (US) market has done 11% annualized in the last 15 years. 20% is not just "traking the market". It's the difference between going from $1m to less than $5m or more than $15m. Now, if "15ish years" means "12 years and 9 months, from the exact bottom" then yes, the annualized return has been over 18%.