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Investing/Strategies / Retirement Investing
|Subject: Re: Hi gang... wow!!!||Date: 9/18/2013 1:23 PM|
|Author: aj485||Number: 73034 of 77402|
No, it's not, but at one point in this thread--I'm not going to take the time to go back and find it--Ray claimed that a modest investment in the S&P500 turned into $6-9 million!
Actually it was in this thread: http://boards.fool.com/strategy-comparison-sp500-vs-iul-rev-...
And, as was pointed out to you at the time, the 'modest investment' that you proposed of starting with $10k and then adding $1k per month starting in 1965 (that Ray modeled because you couldn't manage to do it yourself) was actually an annual investment that was 174% of the median family income at the starting point in time that you proposed. Hardly 'modest'.
But the numbers that you proposed, and Ray did the math for, actually did come out to the $6 - $9 million, if one actually does the math. Of course, since you seem to shy away from actually doing any calculations yourself, I'm sure that you won't ever believe that.
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