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Video: What It Takes to Become a Millionaire

Discussion in 'General Discussion' started by RugersGR8, Jan 27, 2019.

  1. Biggsly

    Biggsly Sharpshooter

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  2. zghorner

    zghorner Sharpshooter

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    you are currently getting 12%? and have been doing so throughout the market down turn?
     
  3. zghorner

    zghorner Sharpshooter

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    care to elaborate on the path you took to becoming a millionaire?
     
  4. CHenry

    CHenry Sharpshooter

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    The SP500 has averaged 12% over the past 50-80 years. Market downturns mean a sale on stocks so as I continue to invest during low market times - and even increase investing - I'm buying stocks at a cheaper price so I get more bang for my monthy $1000 investment. The market always rebounds. And yes, I'm getting almost exactly what the SP is doing as I have those type of SP funds.
     
  5. zghorner

    zghorner Sharpshooter

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    only problem is after the down turn you are making 12% on less money than you had...I understand that "time in the market beats timing the market" but that continual 12% stuff seems a bit skewed to me.
     
  6. CHenry

    CHenry Sharpshooter

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    Its an average. Do you understand basic math?
    That fund did 29% all of last year on an average. This year the market is down but its early and its still doing 5%.
    Thats a 2 year average of 17% if it stays at 5% this year. Which it wont but I cant predict it.
    And if I look at the 30 year average, its 11.9%
     
  7. zghorner

    zghorner Sharpshooter

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    you are a prick faced **** bird and I love you.

    https://www.forbes.com/sites/robisb...-term-return-is-mediocre-really/#742e3415b1ee

    https://clubthrifty.com/average-stock-market-return/
     
  8. CHenry

    CHenry Sharpshooter

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  9. zghorner

    zghorner Sharpshooter

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    as if you even read them in 3 minutes...
     
  10. CHenry

    CHenry Sharpshooter

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