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Doubling your money over 25 years is roughly ~2% returns a year, so it would have been a terrible investment. For comparison, if you parked your money in the S&
by gottorf 3y ago
Doubling your money over 25 years is roughly ~2% returns a year, so it would have been a terrible investment. For comparison, if you parked your money in the S&P 500, you would have made over 5% a year.
- bryanlarsen 3y agoA terrible investment, for sure, but not as terrible as you would expect if you were told there were 99 times as many losers as winners in the portfolio.