I can't wait until I'm 90 so I can afford the stuff I want.
This sounds profound but it's incredibly banal -- any investment that grows at ~7% per year has accumulated over half of its value in the last 10 years.https://twitter.com/plaffont/status/1363590596259151872 …
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The guy who wrote that thread got his G650 the old fashion way....performance, FEES, and PERFORMANCE FEES...so theres that
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Whenever I walk by Starbucks, I wag my finger at all the ladies in mid- and full-size white SUVs and point at my thermos. "And I bet that's a lease!" I yell. I do my part.
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If only the capital went in to the QQQ, how different would this wonderful compounding story be?
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Ark Invest is perhaps a good approximation of what that story could have been..
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Long Term Capital would take 7% right about now.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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really the important thing is to make your money early, when you can still do the coke and the hookers.......who cares if you have 500M or 1B at 80 or 90? your grandkids are gonna blow it on art school tuition
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Great observation, and pretty much confirmed. At a 7% CAGR, it dips below 50% (slightly) only in your 61st year of investing. In your 100th year of investing (good luck with that), it is still the case that 49.2% of your gains happened in your last 7 yrs, 50.8% in the first 93.pic.twitter.com/gqiKWkHmqS
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It’s the rule of 72. At 7% CAGR, half the portfolio is has been accumulated in the last 10 years. At 12%, half the portfolio has been accumulated in the last 6 years.
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