The most precious resource is agency

Re:The most precious resource is agency by csomar on Thursday July 01, 2021 @09:26AM (#27698811)

> Learn about compound returns a little more. $500 a month at 8% (typical market returns recently), and over 10 years gives you back $92k - a $32k profit on the $60k you put in.

You might want to update your models. If interest rates will remain at 0 (or get negative like in Europe), you'd be lucky with 0-1% return.

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Re:The most precious resource is agency by Godel_unicode on Thursday July 01, 2021 @11:06AM (#27699792)

There are plenty of asset classes which are quite safe and return >5%. Saving money in a "savings" account was never a good idea (outside of an emergency fund).

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Re:The most precious resource is agency by kcatskcolbdi on Thursday July 01, 2021 @10:28AM (#27699368)

I'm assuming you mean a real yield and not nominal. Lower interest rates should provide even higher nominal yields.

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