UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next
Author: epc53 Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72262  
Subject: Re: Index fund investing versus stock selection Date: 10/6/2007 5:47 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Watty56 said:

...If you are 25 now, by the time you are 85 that $10K could have doubled 6 times and be worth $320K in today’s dollars!.


A math error, that should have been $640K
-------------------------------------------

epc replies:
You also made a logic error in that in 2067 those $640 will be
in 2067 dollars.

To put that into today's dollars you'd have to deflate that number
by 60 years worth of inflation/deflation.

example: iif there were 2% annual inflation over 60 years
(1.02 ** 60) = 3.281030

$640K / 3.281030 = $195,060 in 2007 dollars.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Invest Better Hub
Take advantage of our newest free service, Invest Better!
New Fool-Branded Credit Card Available!
How does your card compare to ours?
Post of the Day:
Macro Economics

Book Review: "The World Before Yesterday"
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Facebook Fool Fan Club
Be a fan of the Fool over on Facebook!
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Get the Fool Phone App
Save and share content, zero in on sectors, podcasts, and much more!
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement