News for hackers. Stuff that matters.

A comment on The death of the ‘Millionaire Next Door’ dream. Parent comment

Re:The death of the ‘Millionaire Next Door’ dream by Aaargh20318 on Wednesday August 11, 2021 @08:10AM (#28141017)
Returns on my investments (through both my mortgage and pension) are negligible as well, and considerably more risky.
[ Parent | on HN ]
Re:The death of the ‘Millionaire Next Door’ dream by horrified on Wednesday August 11, 2021 @09:13AM (#28141577)
MSCI world hat positive returns in all but three years since 2007: https://www.msci.com/documents/10199/178e6643-6ae6-47b9-82be...

Granted the -40% in 2008 were brutal, but even that would have been compensated in a few years.

[ Parent | on HN ]
Re:The death of the ‘Millionaire Next Door’ dream by zhdc1 on Wednesday August 11, 2021 @08:19AM (#28141094)
Most pensions aren’t going to give you more than 1-2% over the risk free rate. You’re better off aiming to save another x% more of your after tax income and investing through your pillar 3 equivalent (IRA in the states) and, once your tax advantaged plans are maxed, through your own account.
[ Parent | on HN ]