No. of Recommendations: 1
Hi Trecer!
I think you have the correct calculation but am certailny not a USA tax expert in any way!

My main point will be that if you think you can make 15% in average for such a long period you rank right up ther with Buffett and Lynch as most money managers underperform the index they try to beat mainly due to costs involved (commissions/bid-offer spreads Etc.).

Also; you seem to mention index fund but remember there are index funds for many areas - also small caps (which the hidden gems newsletter cover). Historical return of the SP500 index fund is about 10-11%/year. Maybe current valuations makes your 7% true - maybe not.

As for hidden gem newsletter you should not believe that all posting here is a great fan of same. Some are - and some are not.

A good idea could be to do BOTH? Personally I have my main chunk in a well diversified global portfolio(small cap/large caps, international, commodities Etc) of mainly index products - but leave 5-10% for more speculative single stocks Etc.

Happy holidays! Preben

I have had a HARD time
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