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Re:How to Build $1M by lofties on Sunday December 05, 2021 @12:35AM (#29447003)
An OK resource, but very much "draw the rest of the owl". Compounding interest is indeed powerful. But good luck finding a savings account that gives you 5%...
Re:How to Build $1M by system2 on Sunday December 05, 2021 @12:47AM (#29447070)
Assuming the money is invested in stock market.
Re:How to Build $1M by ivalm on Sunday December 05, 2021 @12:58AM (#29447132)
Then perhaps needs to include variance?
Re:How to Build $1M by srean on Sunday December 05, 2021 @04:11AM (#29447878)
... and the other risks. I use the word 'risk' in the English sense and not the borderline deceitful co-option of the word by the finance ecosystem -- I guess one appears smarter if one replaces 'increasing' with bull. Consequently, a lot of bull is what we get.