It's not as easy to get 20 great years in a row as people seem to think.
Yes, but every other 20 year period from 1950 through 2009 has been above 13%.
adult is cherry picking dates. 2000 was the tippy top of a generational bubble in stock prices. It's not a good way to look at this. Best way is to take a number of overlapping 20 year periods, not just one that is timed to start at a very unusual time.
Sally's data is far more representative of actual stock market returns than what Adult is peddling.
I can guarantee that if I had EVER received a $50 million dollar inheritance that I would NOT have become a billionaire (unless it was put into a trust that I couldn't access until age 50 or something like that), because I would have no interest in becoming a billionaire.
I would invest a lot of that money, yes, but we're only on the planet so long, and you can't take it with you, so I would make sure my children were set for life and encourage them to do the same for their children, and then beyond that, I would spend the money to entertain myself...lots of travel, a house with a bowling alley in it (which I will have at some point), etc.
Then you are either a fool or a sadist.
People who are "set for life", by means other than their own efforts, generally turn out to miserable, disgusting human beings. Exhibit A: Donald Trump
Well, sometimes that is true. It is not ALWAYS true though, and I submit not even mostly true. I can't control the kind of people my children will become. I can only set a great example for them, but if I were to inherit $50 million dollars, I'm for sure going to share that with them. I DO have the benefit today of knowing that they are both intelligent and driven people. Setting offspring up for life is commonly done through a trust so that they have to work for a good portion of their lives. If I had had this money early on, I likely would have set up a trust, but I'd let them have it no later than age 30 I think. People should get to decide for themselves how to spend money they inherit or earn.
People like to fool themselves into thinking that those who are left with money all turn into entitled a$$holes...because they value work and want to believe that they are on the right side of goodness. LOTS of people who inherited a ton of money have dedicated their lives to service and charity.
I can guarantee that if I had EVER received a $50 million dollar inheritance that I would NOT have become a billionaire (unless it was put into a trust that I couldn't access until age 50 or something like that), because I would have no interest in becoming a billionaire.
I would invest a lot of that money, yes, but we're only on the planet so long, and you can't take it with you, so I would make sure my children were set for life and encourage them to do the same for their children, and then beyond that, I would spend the money to entertain myself...lots of travel, a house with a bowling alley in it (which I will have at some point), etc.
I see where you would spend money entertaining yourself and putting a bowling alley in your house but don't see anywhere you mentioning the donations you would make with your money or any altruistic endeavors. And when you say lots of travel, would that include travel OUTSIDE of Ohio?
Of course I would give money to projects I agree with, charitable and otherwise. I do that now.
And yes, travel outside of Ohio.
None of that was about Joe Biden. You can't follow your own rules.
Yes, but every other 20 year period from 1950 through 2009 has been above 13%.
Um...this is not the stock market thread. This thread is supposed to be about Joe Biden only.
See how stupid that sounds? Again, you ascribe to rules for thee and not for me.
Oh also, Trump is a POS.
How about we merge the two? A stock market thread with a Biden thread. Typically, people invest their money with the hopes of out-performing inflation. The average annual inflation rate from 1913-2020 was 3.1%, so a 10% return from the stock market yields a real return of 7% annually, which is healthy if people intend to retire someday. Since Biden has taken office, inflation has averaged about 8.3% annually, and the stock markets are split. The DJIA was at 30,930.52 when Biden took office. Today it is at $30,811.81 (down .3%). The S&P was at 3,798.91 when Biden took office. Today it is at $3,877.47 (up 2.1%). The NASDAQ was at 13,197.18 when Biden took office. Today it is at $11,472.00 (down 13.1%). You average the three, they are down 3.8% (about 2.5% per year). So between inflation and the stock market, the real return during Biden's tenure thus far is about -10.8% a year, which means you will be able to retire about never if we continue along with Biden's fiscal / equitable / environmental policies.
How about we merge the two? A stock market thread with a Biden thread. Typically, people invest their money with the hopes of out-performing inflation. The average annual inflation rate from 1913-2020 was 3.1%, so a 10% return from the stock market yields a real return of 7% annually, which is healthy if people intend to retire someday. Since Biden has taken office, inflation has averaged about 8.3% annually, and the stock markets are split. The DJIA was at 30,930.52 when Biden took office. Today it is at $30,811.81 (down .3%). The S&P was at 3,798.91 when Biden took office. Today it is at $3,877.47 (up 2.1%). The NASDAQ was at 13,197.18 when Biden took office. Today it is at $11,472.00 (down 13.1%). You average the three, they are down 3.8% (about 2.5% per year). So between inflation and the stock market, the real return during Biden's tenure thus far is about -10.8% a year, which means you will be able to retire about never if we continue along with Biden's fiscal / equitable / environmental policies.
Assuming that you wanted to advertise that you have no idea how anything works, you did well.
Sums it up pretty well. Remember that trump used the fifth amendment 400 times in an interview with NY State. In a *civil* ruling like today's news, using the fifth amendment can be held against you. But it can't be used in a criminal trial.
So trump said 'ok declaring the fifth may cost me billions but that's better than jail.' Trump knew this was coming.
Tristan Snell @TristanSnell When he pled the Fifth last month before the NY AG, Trump may have effectively sacrificed his entire real estate empire to keep himself out of prison.
Sums it up pretty well. Remember that trump used the fifth amendment 400 times in an interview with NY State. In a *civil* ruling like today's news, using the fifth amendment can be held against you. But it can't be used in a criminal trial.
So trump said 'ok declaring the fifth may cost me billions but that's better than jail.' Trump knew this was coming.
Tristan Snell @TristanSnell When he pled the Fifth last month before the NY AG, Trump may have effectively sacrificed his entire real estate empire to keep himself out of prison.
Hey agip, this is the Joseph Robinette Biden thread. All hail Joey B
How about we merge the two? A stock market thread with a Biden thread. Typically, people invest their money with the hopes of out-performing inflation. The average annual inflation rate from 1913-2020 was 3.1%, so a 10% return from the stock market yields a real return of 7% annually, which is healthy if people intend to retire someday. Since Biden has taken office, inflation has averaged about 8.3% annually, and the stock markets are split. The DJIA was at 30,930.52 when Biden took office. Today it is at $30,811.81 (down .3%). The S&P was at 3,798.91 when Biden took office. Today it is at $3,877.47 (up 2.1%). The NASDAQ was at 13,197.18 when Biden took office. Today it is at $11,472.00 (down 13.1%). You average the three, they are down 3.8% (about 2.5% per year). So between inflation and the stock market, the real return during Biden's tenure thus far is about -10.8% a year, which means you will be able to retire about never if we continue along with Biden's fiscal / equitable / environmental policies.
Assuming that you wanted to advertise that you have no idea how anything works, you did well.
Congratulations!
He sure did that.
Loads of stupidity there, but I'll just point out one really stupid thing...the comment about investing hoping to outperform inflation. Um...NOPE! That's not why you should invest and not what smart investors consider at all.
You invest so that you have money when you no longer have another source of income...so that you can retire when you are old (or when you aren't even all that old like me...though technically my household still has income because my wife is still working and plans to for 5 more school seasons, including this one).
important to note what we get from a good president like biden.
the federal reserve hiked rates today in an effort to slow the economy to reduce inflation.
Biden has not said a word even though a slower economy will hurt his reelection chances. Not a word.
Trump would have been threatening to fire the fed chairman if he raised rates, bullying and threatening him. Trump's goal is to degrade all American institutions and make only Trump the voice people hear and only trump being the guy making decisions.
Biden is protecting institutions and understands the importance of an independent Fed. Good on Biden.
NY AG James has filed a lawsuit against Trump, Don Jr., Eric, and Ivanka, accusing them of a "variety of state laws including insurance fraud, the falsification of business records and false financial statements."
Suck on that Trumpers!
Dissolving his criminal Trump Organization would be a good first start. Take the bloom off this stink plant family and then go get Trump criminally.
Assuming that you wanted to advertise that you have no idea how anything works, you did well.
Congratulations!
He sure did that.
Loads of stupidity there, but I'll just point out one really stupid thing...the comment about investing hoping to outperform inflation. Um...NOPE! That's not why you should invest and not what smart investors consider at all.
You invest so that you have money when you no longer have another source of income...so that you can retire when you are old (or when you aren't even all that old like me...though technically my household still has income because my wife is still working and plans to for 5 more school seasons, including this one).
Flagpole - you criticize his "stupidity" but your answer was probably worse. There are many reasons why people invest (in the stock market) including protecting purchasing power (which relates to his beating inflation but beating inflation is not really why most people invest). To say people invest to have money when they are old is pretty simplistic.
People invest (in the stock market) because ...
Protect purchasing power
To grow capital which is what Flagpole is kind of saying
To lower taxable income
Stock market provides much more return (historically) than other investments like CDs, savings accounts, treasury bills, etc.
