Quote:
Originally Posted by JSH
(Now the Bank of Bozeman's idea that you can earn a steady 5% for decades in a federal guaranteed bank account or CD hasn't aged well)
|
No kidding. And it gets worse if you want *real* returns. Adjusted for inflation, the S&P 500 returned 3.5% over the last 50 years (4.5% over the last 20) - and that's with dividends reinvested.
Being a billionaire won't mean much if you need a trillion to buy a loaf of bread
