Quote:
Originally Posted by BRPORSCHE
Hopefully I can retire by 50!
I need to learn more though. I am not an an econ major and need to buy some books to help me. I made a 10.79% return last year using Merrill Lynch and hope to do better next year.
This is addicting. 
Edit: I am 23 and hope to work just shy of 30 years. I put in 6% and my company matches up to 4%. So I assume if I add 10% every year and I am able to have a 10-15% return I shouldn't do that bad. It's shocking to realize how few people have even started a retirement fund. |
I remember having that fun delusional dream about 12 years ago when I started regularly and heavily putting money in the S&P.... Gee, at a 15% return I was dreaming of having millions when I retired...
Lo and behold, the returns are closer to 1-2% or less. Is this a lousy time for the market historically? Yes. Just goes to show that "Prior returns are not a guarantee of future performance
."