Re:U.S. stock market returns – a history from the 1870s to 2022
by layer8 on Friday January 06, 2023 @12:41PM
(#34278078)
That’s only for the money you put in the stock market in 2000 though. Usually you continually put new money into stocks, which somewhat flattens out the risk. Nevertheless, you arguably shouldn’t invest unless you’re prepared to hold for 10-15 years.
Re:U.S. stock market returns – a history from the 1870s to 2022
by paulpauper on Friday January 06, 2023 @12:16PM
(#34277620)
It helps too that he lived so long an has no use for the money he has invested
Re:U.S. stock market returns – a history from the 1870s to 2022
by radiator on Friday January 06, 2023 @12:40PM
(#34278050)
Why? He has children, does he not?
Re:U.S. stock market returns – a history from the 1870s to 2022
by paulpauper on Friday January 06, 2023 @12:44PM
(#34278114)
he has billions but never spent more than a middle class lifestyle. Saving money matters a lot when we're talking compounding over decades.
Re:U.S. stock market returns – a history from the 1870s to 2022
by atombender on Friday January 06, 2023 @06:37PM
(#34282954)
Middle class? He owns a private jet and wears custom-designed suits. He appears to live moral frugally than most billionaires, but he hardly has a middle class lifestyle.
Re:U.S. stock market returns – a history from the 1870s to 2022
by therealcamino on Friday January 06, 2023 @05:09PM
(#34281974)
He famously has said he will donate most of his money rather than leave it to his children.
https://givingpledge.org/pledger?pledgerId=177
He's not leaving them zero or anything, and three of the foundations he's funding are run by his three children, so they benefit from his wealth. But they won't receive most of it.
Re:U.S. stock market returns – a history from the 1870s to 2022
by SketchySeaBeast on Friday January 06, 2023 @12:15PM
(#34277590)
One might paraphrase that as "those who can afford to wait".
"As always, Warren Buffet put it best: “the stock market is a device for transferring money from the impatient to the patient”."