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Don't be fooled Billy, it's not really a job, more of a parasitic relationship (lemmy.world)
submitted 2 years ago by to c/memes@lemmy.ml
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[–] 0 points 2 years ago (1 child)

Good luck getting 11% a year in the stock market. I think your stats include the pandemic and I don't think we'll see increases like that again, at least we can't count on it.

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  • [–] 1 point 2 years ago*

    11% has been a financial planning standard since time immemorial (ok, well, since after the great depression). If a hedge fund or other investment isn't hitting 11%, you should be in S&P or NDQ which flattens to 10% over time... or "only" 6-7% after adjusting for inflation.

    The last 30 years are considered "below average". The market only grew 9.9%/year on average. Which apparently that 0.1% is a big deal for investors.

    Here's a fairly good breakdown on SOFI. Obviously, we'll never know what the future holds, but 10% over time is the "bad return" that rich people talk about.

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