The upper middle class is growing
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Joe Biden's America!
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In the most precise analysis EVAH... just plugged in different start dates (like 1990, 2000, 2005, 2012) and they almost all had an annual compound interest of about 8 or 9% for the time range. Even now I think "the stock market has to have a long-term settling down period" but I'd imagine that has been the thought many years between say 1990 and now. I suppose when interest rates eventually go back down, that'll pump the stock (and housing price) market even moreso.
https://www.noelwhittaker.com.au/resources/calculators/stock-market-calculator/
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In the most precise analysis EVAH... just plugged in different start dates (like 1990, 2000, 2005, 2012) and they almost all had an annual compound interest of about 8 or 9% for the time range. Even now I think "the stock market has to have a long-term settling down period" but I'd imagine that has been the thought many years between say 1990 and now. I suppose when interest rates eventually go back down, that'll pump the stock (and housing price) market even moreso.
https://www.noelwhittaker.com.au/resources/calculators/stock-market-calculator/
@89th said in The upper middle class is growing:
In the most precise analysis EVAH... just plugged in different start dates (like 1990, 2000, 2005, 2012) and they almost all had an annual compound interest of about 8 or 9% for the time range. Even now I think "the stock market has to have a long-term settling down period" but I'd imagine that has been the thought many years between say 1990 and now. I suppose when interest rates eventually go back down, that'll pump the stock (and housing price) market even moreso.
https://www.noelwhittaker.com.au/resources/calculators/stock-market-calculator/
I've always taken the approach of not getting involved in individual stocks, and just let Fidelity handle it, based on the assumption that over the course of many years they're going to do better than I would.
I know some people who've done way better than I have by getting more involved. I also know a couple of people who've blown their life savings by panicking when things went south.
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That’s great news. We have to have something for all those new IRS agents to do.
